The Concept and Development of Land Value Assessment

Abstract

Problem in land acquisition increasingly complex, this problem can be related directly to the land acquisition process from planning to project delivery, as well as indirect effects of the reasonableness of the value of the land. Land value is expected to accommodate attributes as physical development and infrastructure projects in a more comprehensive city, thus the value of the land can represent a reasonable condition and can be estimated in accordance with the development that is influenced by multiple attributes (discrete and continuous) as well as the spatial effect of the gradient measured geographical. Based on a review of empirical, conceptual and literature, the value of land is affected by several variables that can be explaned as follows: supply and demand ; highest and best use ; phisic, legal, social and economic. The method can combine the data value of the land and the land characters are more accurate and spatially, it is necessary to use Computer-Assisted Mass Appraisal (CAMA) and Geographic Information System (GIS)