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2. Highest and best use - Wikipedia

   en.wikipedia.org/wiki/Highest_and_best_use

   The Appraisal Institute defines highest and best use as follows: The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical ...

3. Land value tax - Wikipedia

   en.wikipedia.org/wiki/Land_value_tax

   A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements upon it. [1] Some economists favor LVT, arguing it does not cause economic inefficiency, and helps reduce economic inequality. [2] A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and ...

4. Extraordinary assumptions and hypothetical conditions

   en.wikipedia.org/wiki/Extraordinary_assumptions...

   If the value of the property is estimated as of the future date six months away when the property is expected to be improved with a new house, the prospective value of the vacant lot could be estimated, but would have to be reported under the extraordinary assumption that the house is not constructed.

5. 8 home value estimator websites compared - AOL

   www.aol.com/finance/8-home-value-estimator...

   Bankrate’s easy-to-use home value estimator requires only your street address. After you type it in, the tool will provide an approximate home value based on Zillow data.

6. Thousands of homes on $1 land: The new housing crisis ... - AOL

   www.aol.com/thousands-homes-1-land-housing...

   Because the area has extremely high land values and demand for housing, the fact that the county government owns the land made the project financially feasible.

7. Real estate appraisal - Wikipedia

   en.wikipedia.org/wiki/Real_estate_appraisal

   Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on ...