NZ the valuation of land for rating purposes, disregarding the value of buildings or other development
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
How to use unimproved value in a sentence
The "unimproved value" is by no means an accurate definition of what either the taxpayers or the Legislature at the time desired.Our First Half-Century | Government of Queensland
It is complementary with a land tax, assessed on the unimproved value of freehold lands (with certain exemptions and deductions).