When is the value of real property assessed during property division?

The correct answer is that the value of real property is assessed at the date of trial or resolution. This timing is significant because it reflects the most current market conditions and provides a fair and accurate valuation of the asset at the time the court is making decisions regarding property division.

Assessing property value at this stage allows for any fluctuations in the real estate market or changes in property conditions that may have occurred during the divorce proceedings to be considered. It is essential for ensuring that both parties receive a just distribution of assets based on their real-time value, which may differ significantly from when the divorce papers were filed or at any point before the trial.

Other choices like the time of sale or if the property is rented do not provide a comprehensive measure of value relevant to the equitable distribution of assets in a divorce. Additionally, assessing at the time of filing divorce papers may not reflect the true value at the time the court is making its determination, as property values could change significantly between those events.