An administrative appraisal may only be carried out by an expert for the tax authorities that will use this appraisal as a comparative value. The calculation of an expert is strictly based on Act No. 151/1997 Coll. on the Valuation of Property and valid Decree No. 441/2013 Coll. to implement the Act on Valuation of Property.
Market appraisal can be carried out by an appraiser with a regulated trader as well as an expert. There is no legal standard for the calculation of the market price, but it is based solely on the generally applicable methodology.