Friday

Series on Land Tenure Studies. 2002

Food & Agricultural Organisation 5. Rural property tax systems in Central and Eastern Europe. p.25 Table 1: Comparison of base assessment. Capital Value – redevelopment value is ignore Rental Value – Rarely worth considering (Melbourne has 6 municipalities using this base) Site Value - Well tried basis of assessment that often works well. It can have administrative advantages and be a cheap system to run. A site value basis for valuation usually suffers from there being very little evidence. This can seriously detract from the credibility of the assessments produced. p.48