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How do you asses land value? For property value, you at least have an active market to reffer to. Since most land is sold witg property on it, there is much le
by rocqua 8y ago
How do you asses land value?
For property value, you at least have an active market to reffer to. Since most land is sold witg property on it, there is much less of a market to indicate the value of plain land.
- joncrocks 8y agoProperty value - estimated construction costs? Reconstruction costs are something that I think are frequently estimated for building insurance purposes.
- oftenwrong 8y agoYou compare the value of a given property to that of similar properties in other locations. Let us say you have two identical apartment buildings: one in the city center, and one on the outskirts of the city. It is likely that renting an apartment in the former is more expensive, despite both building being exactly the same. The difference in rental rates between the two buildings is due to the difference in value of the land they are built on. Further reading: http://kaalvtn.blogspot.com/p/valuations-and-potential-lvt-receipts.html#2 http://kaalvtn.blogspot.com/p/valuations-and-potential-lvt-r...