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New Member
posted Apr 14, 2021 11:41:00 AM

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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1 Replies
Expert Alumni
Apr 14, 2021 12:03:39 PM

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.