Land Valuation

Land Valuation

 

the determination of the comparative worth of land as a means of agricultural production, based on the land’s natural and enhanced fertility, on the various natural and economic conditions of the region in which it is located, and on the lay of the land.

Carried out primarily through classification of soils according to agricultural-production indexes, valuation of land on a point scale gives an idea of what the land is like and what demands can be made of a farm with respect to such matters as income, yield, and taxation. Under capitalism, land valuation has a decisive influence on the price of land and on rent. In the USSR, valuation of land is provided for in the Basic Principles of Land Legislation of the USSR and the Union Republics (1968). Land-valuation data are recorded in the land cadastre.

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The company is unique in offering a comprehensive range of expertise in fields including land valuation, development potential and a host of legal, entitlement and liability issues, to more effectively preserve and maximize clients' return of capital with respect to their real property portfolios.
But the distribution was stalled by disputes, including Cocoland's demand that the Department of Agrarian Reform (DAR) separate from the land valuation the coconut trees on the property.
It is important that this is not overlooked during the land valuation process, since it could add significant developmental potential to certain land with a corresponding increase in market value.
As a result, the purchase price amounted to US$ 262,000 per hectare which constituted a substantial discount to the land valuation achieved for the Northern plot of US$ 528,000 per hectare.
Yu said that the representatives from the line agencies like Provincial Assessor's Office, Provincial Treasurer's Office and Land Bank of the Philippines (LBP) Land Valuation Office gave some inputs that enlightened the landowners in terms of tax clearances and fees including the mode of valuation on their properties applied for VOS.
City Assessor Jose de Juan explained that his office had to resort to manual computation since land valuation was recently revised and there was little time to encode the new figures.
Land value appraisal or land valuation may be described as the carefully considered estimate of the worth of real property based on experience and judgment by identifying and assessing the characteristics of given land.
They have extensive experience handling all varieties of commercial disputes, real estate controversies, and employment claims, and represent both property owners and tenants in land valuation proceedings, and litigation over rent disputes and rent determination.
Tenders are invited for Permits expropriation corridor cadastral and land valuation reports, according to L 255/2010, required for the draft decision of the government of starting the expropriation procedure of assets belonging to public / private investment objective affected by "Hydropower Surduc - Siriu "
He said HLI needed to collect interest because the resolution of the Supreme Court in April 2012 showed that the land valuation was set at 1989 levels.
Polaris's primary argument on appeal was that the BTA had no grounds for adopting the $13,799,100 land valuation.
Worsening the problem, in 1964, vacant land was reassessed, so any homes constructed since that time on what was vacant land end up with a higher land valuation than those built earlier.