What is the term for the process that involves examining the nature and use of property while considering data and validity?

The process being described focuses on a thorough analysis of property, taking into account its characteristics, usage, and the relevance of the data being examined. This closely aligns with the term "Reconciliation." In real property appraisal and assessment contexts, reconciliation refers specifically to the process of synthesizing and evaluating data to arrive at a final value conclusion.

By examining the nature and use of property while considering various data sources and their validity, a more accurate and reliable outcome is achieved. This multi-faceted analysis ensures that different aspects of the property are taken into consideration, leading to a better understanding of its overall value and the factors that influence it.

Other terms mentioned serve different purposes in the assessment process. Estimation generally refers to making an approximate calculation or judgment, while assessment is the broader process of determining the value of a property. Evaluation tends to imply a broader conceptual analysis but does not specifically focus on reconciling different data sources or methods to arrive at a value. Thus, in this context, reconciliation is the most fitting term reflecting the described process.