second-gear valuation

noun

second-gear valuation

noun

Etymology From the notion that the agent not only is doing a drive-by evaluation but also is not even necessarily doing it slowly: second gear rather than first gear (low gear).

UK, Informal The assignment of a property to a tax band by an estate agent who evaluates the property while driving past it.

Related terms: cursory

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.