appraise

verb
ap·​praise | \ ə-ˈprāz How to pronounce appraise (audio) \
appraised; appraising

Definition of appraise

transitive verb

1 : to set a value on : to estimate the amount of appraise the damage
2 : to evaluate the worth, significance, or status of especially : to give an expert judgment of the value or merit of appraise an actor's career

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Other Words from appraise

appraisee \ ə-​ˌprā-​ˈzē How to pronounce appraisee (audio) \ noun
appraisement \ ə-​ˈprāz-​mənt How to pronounce appraisement (audio) \ noun
appraiser noun
appraisive \ ə-​ˈprā-​ziv How to pronounce appraisive (audio) \ adjective

Choose the Right Synonym for appraise

estimate, appraise, evaluate, value, rate, assess mean to judge something with respect to its worth or significance. estimate implies a judgment, considered or casual, that precedes or takes the place of actual measuring or counting or testing out. estimated the crowd at two hundred appraise commonly implies the fixing by an expert of the monetary worth of a thing, but it may be used of any critical judgment. having their house appraised evaluate suggests an attempt to determine relative or intrinsic worth in terms other than monetary. evaluate a student's work value equals appraise but without implying expertness of judgment. a watercolor valued by the donor at $500 rate adds to estimate the notion of placing a thing according to a scale of values. a highly rated restaurant assess implies a critical appraisal for the purpose of understanding or interpreting, or as a guide in taking action. officials are trying to assess the damage

Examples of appraise in a Sentence

The ring must be appraised by a jeweler before it can be insured. appraise the house and property What is the property's appraised value? In the book, he appraises Hollywood's recent films and contrasts them with several independent films.
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Recent Examples on the Web The town has appraised the Tolland Turnpike building and 162 acres of land at $41.5 million. Jesse Leavenworth, courant.com, "Owner of huge Manchester building preparing for major new tenant," 10 Oct. 2019 In 2018, the home, which includes five bedrooms and three bathrooms, was appraised for $150,300, TMZ reported. Eric Todisco, PEOPLE.com, "Mama June Sells Georgia Home at a Loss Amid Felony Drug Charges: Report," 8 Oct. 2019 Others were appraised by their all-powerful male bosses for espionage potential, because there turned out to be things that a beautifully dressed, role-playing woman could do better than a guy in a suit. Janet Maslin, New York Times, "A Debut Novel Reimagines the C.I.A.’s Efforts to Promote ‘Doctor Zhivago’," 2 Sep. 2019 Myrna also appraised the insistent tug of memories in a 1979 essay for The New York Times, when the family moved to a larger suburban home. Bryan Marquard, BostonGlobe.com, "Myrna Katz Frommer and Harvey Frommer, authors of baseball books and oral histories, die a week apart at 80 and 83," 14 Aug. 2019 Rare or expensive items such as art, collectibles or jewelry require additional coverage apart from your homeowners, condo or renter’s insurance, and must get appraised first before getting a separate policy. Janna Herron, USA TODAY, "With Tropical Storm Barry brewing, it's time to know what home insurance covers," 11 July 2019 The land, which Boynton bought last year for $549,000, is appraised at $333,200, assessor’s records show. Jesse Leavenworth, courant.com, "Manchester subdivision approved," 17 Sep. 2019 Around the same time that his father's landmark office tower at 9 W. 57th St. was appraised at $2,000 a square foot, or $3.4 billion, Soloviev bought a 69,000-acre cow-calf operation near Roswell, New Mexico, for less than $200 an acre. Patrick Clark, chicagotribune.com, "How a Manhattan real estate scion built a rural empire," 10 Sep. 2019 In the 1860s, the average slave girl younger than 10 was appraised at $190, which equals $5,571 in 2014 dollars, when Ramey conducted her analysis. NBC News, "As McConnell's family shows, the legacy of slavery persists in most American lives," 9 July 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'appraise.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of appraise

15th century, in the meaning defined at sense 1

History and Etymology for appraise

Middle English appraysen, probably from Anglo-French *appreiser, from a- (from Latin ad-) + preiser to prize, praise

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Statistics for appraise

Last Updated

18 Nov 2019

Time Traveler for appraise

The first known use of appraise was in the 15th century

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More Definitions for appraise

appraiser

noun

Financial Definition of appraiser

What It Is

An appraiser is a person capable of providing an appraisal.

How It Works

An appraisal is a document that formally describes the value of a piece of property, usually exceeding $5,000. For example, let’s imagine that John Doe wants to donate a painting to his favorite charity. He believes the painting is worth $20,000. Instead of simply putting a $20,000 deduction on his tax return for the year, John Doe hires an appraiser to determine how much the painting is worth. A qualified appraiser provides an independent estimate, putting the value of the painting at $22,000. John Doe files IRS Form 8283 with his tax return and deducts $22,000.

Although almost anybody can estimate the value of goods or services, the IRS has very strict guidelines about who can be a "qualified appraiser." Among other things, the appraiser must have a professional appraiser designation from a national appraiser organization, perform appraisals regularly, meet certain education requirements and meet other guidelines as the IRS deems necessary. In many cases, a qualified appraiser can’t be the donor, the donee, anyone party to the acquisition of the property, or an employee or relative of anyone involved.

Appraisers charge a fee for appraisals, though for qualified appraisers, the fee cannot be based on or a percentage of the value of the property appraised. The cost of the appraisal itself is also not deductable as a charitable contribution, though it might be deductible elsewhere depending on the donor’s tax situation. Sometimes charities pay the appraisal fee, but some types of charities are restricted from doing so.

Why It Matters

For many securities, the market is a natural appraiser—it dictates the value of securities on an almost instantaneous basis throughout the day. But for less liquid things, such as houses, old cars, pieces of art, or ownership positions in private companies, it’s harder to decide what those things are worth. And in many cases, the value of an asset determines the price of a transaction or the size of a tax bill.

Accordingly, misleading asset pricing can also be a way to engage in tax fraud or lopsided deals. That’s why the IRS requires people who want to deduct certain large charitable donations to obtain qualified appraisals for those items. The IRS can impose penalties of 40% for a gross misstatement of a donation (and even a 20% penalty for just a “substantial” misstatement), and it can also penalize the appraisers involved in the misstatement.

Source: Investing Answers

appraise

verb
How to pronounce appraise (audio)

English Language Learners Definition of appraise

: to say how much something is worth after you have carefully examined it : to give an official opinion about the value of (something)
: to give your opinion about the condition, quality, or importance of (something or someone that you have studied or examined)

appraise

verb
ap·​praise | \ ə-ˈprāz How to pronounce appraise (audio) \
appraised; appraising

Kids Definition of appraise

: to set a value on appraise a diamond

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ap·​praise | \ ə-ˈprāz How to pronounce appraise (audio) \
appraised; appraising

Legal Definition of appraise

: to estimate the value of : make an appraisal of

Other Words from appraise

appraiser noun

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Comments on appraise

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