In the field of real estate appraisal in Tanzania, it is not technically correct to use "evaluation" in place of "valuation." This distinction is recognized both internationally and within Tanzanian regulations. To be specific:

Valuation refers to the formal process of determining the monetary value of real estate property, as carried out by licensed valuers. In Tanzania, this process is governed by the Valuation and Valuers Registration Act, 2016, specifically under Section 24, which outlines the qualifications and responsibilities of professional valuers. This section mandates that valuers conduct assessments using appropriate methods such as sales comparison, income capitalization, and cost approaches, and issue a formal valuation report.Section 24 of the Valuation and Valuers Registration Act, 2016 specifically regulates the valuation practice and underscores the technical expertise required to provide a value judgment on real property. The Act emphasizes the importance of market value determination, especially in cases of land acquisition, mortgage lending, and taxation.

Evaluation, in contrast, refers to a broader assessment or analysis that may not necessarily involve assigning a monetary value. This term is more general and lacks the technical specificity required in formal property value determinations. An evaluation might include a review of a property's condition, potential, or performance but does not meet the formal and legal criteria for a property valuation in Tanzania. Section 33 of the Land Act, 1999 and the Land (Assessment of the Value of Land for Compensation) Regulations, 2001 also make it clear that a professional valuation is required when determining the market value of land for compensation, especially in the context of compulsory land acquisition. The law refers specifically to the process of valuation, not evaluation when discussing property assessments in legal contexts.

Thus, the use of "valuation" is correct when referring to the determination of a property’s market value for legal, financial, or compensation purposes, while "evaluation" would be technically incorrect in this context.

For additional reading and further legal backing Valuation and Valuers Registration Act, 2016 (Section 24), Land Act, 1999 (Section 33), Land (Assessment of the Value of Land for Compensation) Regulations, 2001

If you want to explore these sections in detail, you may consult Tanzanian legal databases or the official publications from the Valuers Registration Board (VRB) and the Ministry of Lands, Housing, and Human Settlements Development.

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