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Yes, the "Improvement Value" should be the assessed value of the building and improvements on your property. This would be difference between the total assessed value and the value of the land.
Why the heck would they not provide this clarification in the application? This one had me frustrated for like an hour trying to figure out what the blazes they were asking for.
Thanks for the insight!
Seems no two states do things the same. IN some states, they call is "assessed value" and that's for the entire property and structure. Then they have "improvment value" which applies to the structures only.
In other states they break it down where "total assessed land value" is the value of the land, and "total assessed improvment value" in the value of the structures on that land.
In my county they have their own thing where assessed value is the value of the land only, and improvement value is the value of the structures on that land only.
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