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by yellowapple
2023 days ago
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> Insurers make no valuation on the land, only on the improvements Well $PROPERTY_VALUE = $LAND_VALUE + $IMPROVEMENTS_VALUE
Which means $LAND_VALUE = $PROPERTY_VALUE - $IMPROVEMENTS_VALUE
$PROPERTY_VALUE is set by the market automatically, and we've already established that insurers are able to calculate $IMPROVEMENTS_VALUE, so - tada! - you've now got your $LAND_VALUE. |
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