When appraising property, what is essential regarding the appraisal date?

In the context of property appraisal, noting the appraisal date is crucial because it establishes the specific point in time at which the property's value is assessed. The appraisal date affects various factors, including market conditions, comparable sales, and property conditions. Changes in any of these can significantly influence property value, making it essential for appraisers to document the date clearly. This ensures that all parties involved understand the context of the appraisal and can consider any market fluctuations or relevant changes that may occur after that date. By having a well-defined appraisal date, it enhances the credibility and reliability of the appraisal report.