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2. Highest and best use - Wikipedia

   en.wikipedia.org/wiki/Highest_and_best_use

   If the value of the commercial lot as vacant in "House B" exceeds the value of house as a residence as improved plus demolition costs, the overall highest and best use of this property would be the as vacant value of the commercial lot. For example, assume that "House B" has a value as a house of $200,000, and a site value as a commercial lot ...

3. 8 home value estimator websites compared - AOL

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

   One of the most difficult aspects of the real estate market is estimating the value of a home. With local market conditions changing all the time, it can be hard to accurately price a property. In ...

4. Land value tax - Wikipedia

   en.wikipedia.org/wiki/Land_value_tax

   A land value tax (LVT) is a levy on ... It sets a maximum tax rate of 1.2% on commercial and vacant land, 0.3% on residential land and 0.15% on agricultural land ...

5. Real estate appraisal - Wikipedia

   en.wikipedia.org/wiki/Real_estate_appraisal

   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.

6. Home valuations on Zillow, Redfin, Chase are all over the map ...

   www.aol.com/finance/home-valuations-zillow...

   Built in 1915, the current estimated value of the renovated 3-bedroom, 3.5-bath home has appreciated by at least 18%. Three home estimator tools agree on this much. Yet, one outlier says the ...

7. 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.