I agree, but you are talking about is price of land, not its value; taht is
market price!!!The difference makes the difference.

Alexander Guerrero
----- Original Message -----
From: "Fred Foldvary" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Friday, November 02, 2001 2:20 AM
Subject: RE: Tax with positive growth effect


> --- Alexander Guerrero <[EMAIL PROTECTED]> wrote:
> > How do you estimante market value?
>
> With respect to land value, besides monitoring sales and rentals of
> undeveloped land or sites such as parking lots, one estimates the
> cost of replacing the building, subtracts depreciation, and that
> amount is subtracted from the prevailing market prices in that
> neighborhood to estimate the land value.
>
> > and what kind of land you are talking about
>
> All land.
>
> Fred Foldvary
>
> =====
> [EMAIL PROTECTED]
>
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