Improved Land Value definition
Improved Land Value means, as of any date, the book value of any Projects which have been developed for any type of commercial, industrial, residential or other income-generating use, regardless of whether or not such Projects are under development as of such date.
Improved Land Value means the cost of vacant land plus the depreciated cost of installing water and sewage disposal systems in the parcel.
Improved Land Value means the 2011 cost of vacant land plus the depreciated cost installing water and sewage disposal systems, landscaping, walkways, and residential driveway. (2011 Real Property Assessment Manual and Guidelines Book 2, Glossary, pg. 12)