Which of the following is NOT one of the three types of values in appraisal?

In the context of appraisal, the three primary types of value typically referenced are Market Value, Assessed Value, and Appraised Value.

Market Value is defined as the most probable price that a property would bring in a competitive and open market under all conditions requisite to a fair sale. This value reflects current market conditions.

Assessed Value refers to the value assigned to a property for tax purposes. This value is often determined by a government assessor and is used to calculate property taxes.

Appraised Value is the value determined by a professional appraiser after analyzing various factors affecting the property, including its condition, location, and recent comparable sales.

Project Value is not recognized as one of the core types of value in the appraisal field. While project value may refer to the anticipated value or return from a development project, it does not fit within the traditional appraisal categories outlined for property valuation. Therefore, identifying Project Value as the option not aligned with the three types of values in appraisal is correct, as it does not share the same foundational purpose and application in assessing real estate.