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unearned increment

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noun
  1. the increase in the value of property, especially land, due to natural causes, as growth of population, rather than to any labor or expenditure by the owner.
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Origin of unearned increment

First recorded in 1870–75
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for unearned increment

unearned increment

noun
  1. a rise in the market value of landed property resulting from general economic factors
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012