Land assessment

Land assessment is the process of determining the value of a piece of land based on factors like location, size, topography, zoning, and how it can be used. It helps governments and organizations set property taxes, make informed investment decisions, or establish fair prices for buying or selling land. The assessment considers both the land itself and any improvements or developments on or around it. Accurate land assessments are essential for equitable taxation and planning, ensuring the land’s worth reflects its potential uses and market conditions.