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Property Valuation or Property Appraisal is a process of determining the value, whether market value, investment value, insurance value, or other types of value, of a property on a certain valuation date. Determination of the value of a property according to the American Institute of Real Estate Appraiser (1987: 63) and Eckert et al. (1991: 151) can be done through three approaches, namely the market data comparison approach, the cost approach, and the income capitalization approach. In relation to the inventory and valuation of the lands and buildings standing on it, three approaches will be used, namely the market data comparison approach, the cost approach, and the income approach. Property appraisal ( property valuation ) is usually carried out using a comparative approach to determine the property value that is representative or reflects market value conditions. In this comparative analysis, the property value of an object is determined by the property value of comparable objects