VALUATION

valuation, n. 1. The process of determining the value of a thing or entity. 2. The estimated worth of a thing or entity. — value, valuate, vb. assessed valuation. The value that a taxing authority gives to property and to which the tax rate is applied. [Cases: Taxation 348, 348. 1. C.J.S. Taxation §§ 510–511, […]