land value
Real estate price
Land value is the worth of a plot of land, excluding any buildings or improvements on it.
In real estate and taxation, distinguishing land value from total property value matters because land appreciates differently than structures: The land value alone was worth more than what we paid for the whole property.
Economists who follow Henry George argue that taxing land value rather than improvements would reduce speculation and encourage development.
- property taxLevy on owned land
- tax assessmentOfficial property valuation for levies
- market priceCurrent exchange value
- appraisalEstimation of worth
- urban sprawlUncontrolled peripheral development
soil quality · zoning laws · capital gains · easements · flood risk · transportation networks · eminent domain · property rights · comparable sales · encumbrance · historical landmarks · investment · topography · curb appeal · prime real estate · waterfront property · deed · parcel
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