From Longman Business Dictionary
appraiseap·praise /əˈpreɪz/ verb [transitiveT]1HUMAN RESOURCES to decide how well an employee is doing his or her work, usually after discussing with the employee how well he or she has performed during the past yearIt is the line manager’s job to appraise staff.
2to decide how much something is worth after considering it carefullyappraise something atThe property was appraised at $28 million.