What is the site value on an appraisal?
“The site value estimate is based on land assessments provided by the local assessor’s office, land sales throughout the area, and the appraiser’s general knowledge of local areas.
Although site/dwelling ratio exceeds typical guidelines.
Site to dwelling ratios are typical for the area.”.
Is Site value the same as land value?
Land value is the value of the land, as well as any improvements that have been made to it. … Land value is not the same as the site value. Typically, land value is determined by a third-party appraiser.
What is site value and capital improved value?
Capital Improved Value – the total market value of the land plus buildings and other improvements. … Site Value – the market value of the land only.
How is property value calculated?
To arrive at the assessed value, an assessor first estimates the market value of your property by using one or a combination of three methods: performing a sales evaluation, the cost method, the income method. The market value is then multiplied by an assessment rate to arrive at the assessed value.
What is capital value of property?
Capital Value of land means the capital amount that an unencumbered estate of fee simple in the land might reasonably be expected to realise upon sale, but if the value of the land has been enhanced by trees planted on the land (other than commercial plantations), or trees preserved on the land for the purpose of …
What is the site value?
Site value is the unimproved value of your land, which means it excludes capital improvements such as buildings. Site value is determined as part of the annual statewide general valuation process.