Step-Up Basis Appraisals

What this service involves

A step-up basis appraisal is a retrospective market-value appraisal of a residential property as of the relevant date (often the date of death), prepared to document the value for basis discussions with a CPA or tax attorney. The deliverable depends on the agreed scope. We provide the value; the tax professional determines how it applies to the heir's tax situation.

This is closely related to a date of death appraisal, and the value concept is the same. A step-up basis appraisal specifically frames the valuation around the inherited-basis documentation need. We do not promise that a step-up will apply or how it will be calculated; that is a tax determination.

When someone may need it

An heir or executor needs a step-up basis appraisal when inherited property's value must be documented for basis purposes — typically when the property is or may be sold and capital gains are a concern. The tax professional advising the heir can confirm whether and when a qualified appraisal is needed.

What the analysis considers

The appraisal considers the residential property's value as of the relevant date:

• Property characteristics: type, size, layout, and condition as of the valuation date.
• Historical comparable sales: sales that closed near the valuation date.
• Past market conditions: supply, demand, and trends as they existed then.
• Effective date: the specific date the value opinion addresses.
• Intended use: supporting basis discussions with a tax professional.

Information that may help

Have ready the property address, the exact valuation date (often the date of death), and the name of the tax professional if they are the intended user. Historical photos and any prior appraisals strengthen the analysis. Share tax-related documents directly with your appraiser rather than through the general inquiry form.

How the assignment works

We confirm the valuation date and intended use, inspect the property (current condition, with historical context), research historical sales and market data, complete the retrospective analysis, and deliver the report. We coordinate with the heir's tax professional on any format requirements.