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New Member
posted Jun 6, 2019 8:31:28 AM

Is land value the same thing as the taxable value or the state equalized value? I don’t have anything pertaining solely to land value on my tax bill.

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Level 15
Jun 6, 2019 8:31:29 AM

State Equalized Value or Taxable value  ( for example in MI ) is just the taxable   value as opposed to  assessed value. This includes  bot land and improvement.  If you are renting out the property then you would need the aquisition  value ,  Cost of improvements and land value for  computing depreciation  computation.  Get the land value from  your city or from a realtor -- at the time of acquisition.