Which term best describes the processes for evaluating a jurisdiction's taxable values?

The term that best describes the processes for evaluating a jurisdiction's taxable values is "Assessment." Assessment refers specifically to the systematic process undertaken to establish the value of property for taxation purposes. This process typically involves analyzing various factors such as market conditions, property characteristics, and location, which ultimately contribute to determining the value that will be taxed.

In the context of property taxation, the assessment process is essential as it provides the framework for establishing equitable tax liabilities among taxpayers based on the value of their respective properties. This is a key component of public revenue generation and ensures that the tax burden is distributed fairly across the jurisdiction.

While terms like appraisal, evaluation, and determination might seem related, they do not encapsulate the entire scope of the taxation process as clearly as assessment does. An appraisal usually refers to the estimation of a property's value typically performed by a licensed appraiser, evaluation can indicate a broader assessment of various criteria without the specific focus on taxation, and determination is more of a conclusion drawn from an assessment rather than the entire process itself. Thus, assessment stands out as the most precise term in this context.