What is the difference between 'site value' and 'capital value' as used by the Valuer-General in SA?
Correct Answer
B) Site value is the value of the land as if vacant; capital value includes the land and all improvements at market value
Site value assesses the land as if it were vacant and available for its highest and best use. Capital value includes the land plus all improvements (buildings, structures) at their market value. SA councils choose which basis to use for rating.
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