s 19
In forceWhat is the site value of improved land
Chapter 2Valuations
Part 2Valuation methodologies
Division 3Site value and unimproved value
Subdivision 2Site value of improved land
19 What is the site value of improved land
(1)
If land is improved, its site value is its expected realisation under a bona fide sale assuming all non-site improvements for the land had not been made.
(2)
However, the land’s site value is affected by any other relevant provisions of this chapter.
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