In appraisal terms, what does the 'total' refer to?

In appraisal terminology, the term 'total' refers to the whole number or amount of something. This concept is foundational in appraisal practice, where appraisers calculate various metrics related to property values, including overall property assessments and market analyses.

Understanding 'total' in this context emphasizes the importance of considering the entirety of property characteristics or data when forming conclusions about value. While the other concepts listed may relate to specific appraisal calculations or contexts, none convey the broad notion of 'total' as simply denoting a complete or combined amount. For instance, while the aggregate of all property values speaks to a collection process, it does not capture the simple essence of 'total' as a comprehensive measure. Thus, appreciating 'total' as a fundamental amount helps clarify its use in various appraisal methodologies.