DavidD66
Expert Alumni

Home loans

You can use your property tax bill or tax assessment to determine the value of the land.  The value on the bill or assessment won't be accurate, but you can take the ratio of the land to the overall value and apply that to the fair market value of the property.  For example, if your property tax assessment says the total value of the property is $100,000 and the land is $40,000.  The actual value of the property is $150,000, you would take 40% of $150,000, or $60,000.

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