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Tax Year 2020 - I am claiming the use of my home office this year for the first time. How do I know the cost of land?

 
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JoannaB2
Expert Alumni

Tax Year 2020 - I am claiming the use of my home office this year for the first time. How do I know the cost of land?

It depends.  You may find the cost of the land on your property tax statement or call your local property assessor's website or office. Generally, the price of raw land  is 3 percent of the home price, or 15 percent of the retail lot price. 

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