unimproved value

British  

noun

1. the valuation of land for rating purposes, disregarding the value of buildings or other development

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Example Sentences

In 1890, therefore, after ten years' experience, the Government of the coalition, whose leaders had long been severed by difference of opinion on the subject of land taxation, perceived in a universal levy on the unimproved value, so called, a method of mutual reconciliation which would meet the demands of many true exponents of local government principles, and they agreed to introduce the new system.

From Project Gutenberg

The "unimproved value" is by no means an accurate definition of what either the taxpayers or the Legislature at the time desired.

From Project Gutenberg

Country ratepayers for the most part approved the change to the unimproved value assessment; but speculators in unoccupied city, town, and suburban lands regarded it as a gross injustice.

From Project Gutenberg

On the other hand, the rate levied under the unimproved value assessment upon vacant lands is sometimes oppressive, and appreciably reduces their capital value.

From Project Gutenberg

So the unimproved value mode of assessment has apparently assisted to make a substantial reduction in the market value of city and suburban properties.

From Project Gutenberg