What is the easiest method to estimate the raw land value per acre when comparable sales in my rural county are so hard to find?
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What is the easiest method to estimate the raw land value per acre when comparable sales in my rural county are so hard to find?
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rural land appraisal sales comparison approach land extraction method improved property sales land value assessment agricultural land value NASS methodologyGoogle ↗
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rural land appraisal sales comparison approach land extraction method improved property sales land value assessment agricultural land value NASS methodology Google ↗
- USDA National Agricultural Statistics Service · nass.usda.gov
- 6.3.2 The Allocation Method. The first step in the allocation method is to research and develop typical ratios of land value to total value for an improved property group with land use regulations similar to those of the subject land group. Then, these ratios may be applied to the improved sales in the subject area for an indication of the prices paid for the land. The last step is to use these extracted land prices in the sales comparison approach to land valuation. “The method is rarely used a · floridarevenue.com
- Table 19.1 Applicability and Limitations of Land Valuation Methods · appraisalinstitute.org
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