Creating Values of Land: Law, Records and Kabza

This paper presents a study of the possibilities of using statistical indicators of the functioning of the agricultural sector of the region’s economy to estimate the value of agricultural land resources. The emerging market of agricultural land in the Russian Federation is characterized by a small number of annual transactions; therefore, the assessment of the value of land at the territorial and regional level based on the mechanisms of supply and demand is extremely difficult. To substantiate the tax base of land tax and (in some cases) the rent amount, the cadastral value of land plots is used, which is determined by the results of the state cadastral valuation of agricultural land. The methodology for cadastral valuation is debatable, since it does not provide for surveys of specific land plots; at the same time, it relies on indicators of soil quality. Therefore, its results may not be relevant, because they do not take into account important elements of economic fertility. The purpose of this study is to develop a methodological approach for estimating the value of land, which makes it possible to reflect the real economic potential of agricultural land in the region. This approach is based on the method of direct capitalization of the specific conditional net income calculated on the basis of statistical reports of agricultural producers. The methodology was tested on data from the Voronezh region, as a result of which the authors’ differentiation of municipal districts was formed according to the estimated value of agricultural land. According to the results of a comparative analysis, it is recommended to consider the issue of the advisability of changing the current methodology for assessing the value of agricultural land.

This paper uses valuation data from Quotable Value New Zealand to examine changes in the value of the rural land in New Zealand between 1989 and 2003. The value of rural land reflects the profitability of agriculture as well as the returns to alternative land uses, and has a large impact on the prosperity of rural areas. The paper highlights the importance of both changes in land use and changes in the value of land in different uses in explaining overall changes in land values. It also examines the relationship among productive characteristics of the land, the local climate, various local amenities, and changes in land values and land use to better understand what factors have been driving overall changes in the value of rural land across New Zealand. We find that the real value of rural land in all uses increased substantially over the years being examined. Land use in rural areas also changed considerably during this period, but these changes in land use were essentially uncorrelated with changes in land values. Our regression results indicate that rural land values increased the most in less populated areas with good climates and local amenities. Initial land use also plays an important role in explaining the variation in changes in rural land values with greater increases in land values found in areas with more land initially devoted to urban uses and commercial forestry, and less land initially devoted to horticulture and lifestyle uses.

This paper uses valuation data from Quotable Value New Zealand to examine changes in the value of the rural land in New Zealand between 1989 and 2003. The value of rural land reflects the profitability of agriculture as well as the returns to alternative land uses, and has a large impact on the prosperity of rural areas. The paper highlights the importance of both changes in land use and changes in the value of land in different uses in explaining overall changes in land values. It also examines the relationship among productive characteristics of the land, the local climate, various local amenities, and changes in land values and land use to better understand what factors have been driving overall changes in the value of rural land across New Zealand. We find that the real value of rural land in all uses increased substantially over the years being examined. Land use in rural areas also changed considerably during this period, but these changes in land use were essentially uncorrelated with changes in land values. Our regression results indicate that rural land values increased the most in less populated areas with good climates and local amenities. Initial land use also plays an important role in explaining the variation in changes in rural land values with greater increases in land values found in areas with more land initially devoted to urban uses and commercial forestry, and less land initially devoted to horticulture and lifestyle uses.

This paper uses valuation data from Quotable Value New Zealand to examine changes in the value of the rural land in New Zealand between 1989 and 2003. The value of rural land reflects the profitability of agriculture as well as the returns to alternative land uses, and has a large impact on the prosperity of rural areas. The paper highlights the importance of both changes in land use and changes in the value of land in different uses in explaining overall changes in land values. It also examines the relationship among productive characteristics of the land, the local climate, various local amenities, and changes in land values and land use to better understand what factors have been driving overall changes in the value of rural land across New Zealand. We find that the real value of rural land in all uses increased substantially over the years being examined. Land use in rural areas also changed considerably during this period, but these changes in land use were essentially uncorrelated with changes in land values. Our regression results indicate that rural land values increased the most in less populated areas with good climates and local amenities. Initial land use also plays an important role in explaining the variation in changes in rural land values with greater increases in land values found in areas with more land initially devoted to urban uses and commercial forestry, and less land initially devoted to horticulture and lifestyle uses.

Land values are important considerations for land use and development planning. Using data on land values recorded at the Government Valuation Department (Central regional office), this study investigated factors affecting land values of Kandy municipal area for the period 1980 to 2015, with a particular focus on testing the impact of zoning and archaeological regulations on land value. To derive inferences, we estimated hedonic-type models, which is a standard technique for analysis of land and property values, on a sample of 169 randomly selected land parcels in Kandy municipal area. Among the key findings, we observed that the impact of urban development zoning law on the value per perch was LKR 1,085,075 while the impact of archeo02logical regulation on the value was LKR 322,420 per perch within the municipal limits. Both zoning regulations and carpet road access created robustly positive impacts on land values, across several specifications including a model that included land values adjusted for inflation.

We present new methods for urban land valuation based on a high degree of irreversibility given that a substantial structure is present on the land. Irreversibility implies that land and structure value function as a whole until the option to tear down and redevelop becomes valuable. In a typical situation, where structures are far from teardown, irreversibility implies that land and structure value change at about the same rate over time. Land valuation methods based on irreversibility are compared to valuations based on vacant land sales and on land residual methods (land value equals property value minus the depreciated cost to build); both methods predict that land value is much more volatile than structure value whereas irreversibility implies a more stable ratio of land value to property value. We fit all three methods to Maricopa County assessor data during a recovery period (2012-2018). Results show that the land value ratio behaves as predicted by irreversibility, not by the land residual or vacant land methods. We suggest new mass assessment procedures based on the value of the option to redevelop. We provide evidence that our procedures merit further study.

The developed, innovative method of estimating the impact of motorway on agricultural land allows determination of all the losses associated with the directions of this impact. The basis for the determination of losses is the analysis of variability in land use and the quality classes and location of access roads to the land along the axis of the planned motorway. The approved measure of the multidirectional impact of the motorway on agricultural land is a change in the value of land, which is determined with taking into account the differences of their suitability for agricultural production. The developed method of determining the impact of motorway on agricultural land was presented on the example of A4 motorway section between Jaźwiny and Góra Motyczna. The existing section of motorway was assessed and then for the same section, the calculations were made again, but with an alternative location of the motorway overpasses (flyovers). In the case of the existing section, the construction of one kilometer of the section of motorway under consideration will result in a reduction in the value of agricultural land of 2119 cereal units. Acquisition of land for the construction of the motorway and its negative impact cover about 78% of the total reduction in value of agricultural land. The remaining 22% of the land value reduction is related to the increase in transport and the deterioration of the plots layout. On the other hand, in the case of the section with alternative arrangement of overpasses, the value of agricultural land is reduced of 2088 cereal units. Acquisition of land under construction and under motorway’s toxic impact will be equal 79%, while the combined effect of transport growth and deterioration of the layout makes 21%.

The developed, innovative method of estimating the impact of motorway on agricultural land allows determination of all the losses associated with the directions of this impact. The basis for the determination of losses is the analysis of variability in land use and the quality classes and location of access roads to the land along the axis of the planned motorway. The approved measure of the multidirectional impact of the motorway on agricultural land is a change in the value of land, which is designated taking into account the differentiation of their suitability for agricultural production. The developed method of determining the impact of motorway on agricultural land was presented on the example of A4 motorway section between Bratkowice and Mrowla. The existing section of motorway was assessed and then for the same section the calculations were made again, but with an alternative location of the motorway overpasses. In the case of the existing section, the construction of one kilometer of the section of motorway under consideration will result in a reduction in the value of agricultural land of 1725 cereal units. Acquisition of land for the construction of the motorway and its negative impact cover about 69% of the total reduction in value of agricultural land. The remaining 31% of the land value reduction is related to the increase in transport and the deterioration of the parcels layout. On the other hand, in the case of the section with alternative arrangement of viaducts, the value of agricultural land is reduced of 1538 cereal units. Acquisition of land under construction and its toxic impact will be equal 75%, while the combined effect of transport growth and deterioration of the layout makes 25%.

The present use is often the criterion by which the monetary value of land is assessed. But present use is not the only index of the value of land and it is not always the best. In the West Indies as elsewhere, anomalies between land potential and existing use arise for a variety of reasons: for example, bad management and prac? tice resulting in soil erosion, wilful under-development by some land owners, and also under-development through lack of capital or labour, or lack of marketing facilities for produce. Academic assessments of basic land values mostly concentrate on maximum potentiality or capability and, either in spite of, or more likely because of it being an under? developed area, the West Indies are being slowly but surely covered by thorough soil and land classification surveys. In the British West Indies the work is coordinated and carried out by the Regional Research Centre at the Imperial College of Tropical Agriculture, several of whose monographs have already been published. In Jamaica, not only are thorough soil surveys well advanced and good quality soil maps being produced, but, since 1954, following the work of J. G. Steele (1954), the results ofthe soil survey have been used to classify categories of land according to their capability for use, based on soil group, slope class and climate. Seven major classes are dis? tinguished, three of them suitable, one marginal and three unsuitable for cultivation by tillage. Subdivisions are made on a basis of slope, danger of erosion, poor drainage, shallowness of soil or rainfall deficiency. Applying these to twenty-four soil groups, some sixty land capability units have been distinguished (Steele et al., 1954). In greater detail, for each of some 300 soil/slope types, a Technical Guide Sheet has been pre? pared by the Agricultural Chemistry Division, describing the soil, slopes and suitability of land for cultivation, together with recommendations for cultivation, crops and fertilizers. These are enumerated simply to show that the basic agricultural value of the land should, therefore, be well understood in qualitative terms. But seen from a completely different viewpoint, it may be conceded that in the simplest financial terms the value of land is no more nor less than the price commanded and recently paid for it. These are two extremes of approach?one, academic and physical (with whatever practical applications), and the other matter of fact and financial. Obviously the two are not entirely disconnected, for if they were, systematic land valuation would have no justification. Yet rarely are the two considered together by geographers. Land use surveys frequently take note in general terms of enhanced costs of land and higher values existing, for example, near and within large towns, or within easy access to means of transport and communications. But the difficulties of obtaining price data on a uniform and complete basis for whole areas, either urban or rural, in most cases preclude comprehensive studies. Interest therefore attaches to the land valuation system now being worked out in Jamaica, for it combines the two approaches and considers both aspects for the practical purpose of land taxation for property tax and rates. On the one hand and at the outset, analysis is made of all fairly recent sales of land and property in any area that is being assessed. From the sales price is first deducted the value of all improve? ments, and these normally include all buildings, and out-buildings, water supply, irrigation and drainage works, contour banks, growing trees and crops, property roads, etc, and in some cases allowance is made for the cost of cleared or partially cleared land. The remaining sum is allocated proportionally between each class of land found on the property. (Obviously the sales of properties of a single soil type are very important as yardsticks for the value of that particular type of land.) Classifica? tion is by land capability; the soil and slope category of each class is listed separately,

Farmers’ values for land, trees and biodiversity underlie agricultural sustainability

This research aims to identify (1) the difference in the value of agricultural land before and after becoming the Manado-Bitung toll road and (2) describe the social and economic changes of landowners in tumaluntung village. The study was conducted on the object of the constructions of the Manado-Bitung toll road in the village of Tumaluntung. The time of the study from august to November 2017 and continued in May until June 2019. The method used in this research is descriptive method presented in tabular form. Determination of the sample using the (purposive sampling) method. Primary data used in this study were obtained through interviews with 15 landowners. The secondary data obtained from the Tumaluntung village office, internet through google scholar to get articles from various scientific journals and theses from other tertiary institutions related to the topic of research on the value of agricultural land. The results of the study show that (1) the value of agricultural land before becoming the Manado-Bitung toll road is higher than the value of land after the toll road has been built. (2) improve social status (making current landowners better at meeting needs because land compensation money is used by landowners to be deposited into bank as investment capital such as boarding houses, bakeries, livestock business chiken, showroom, restaurant cars for purchasing capital for cars used for transportation service..*eprm*

Hedonic modeling is commonly used in land and property value estimations in an attempt to identify the impact that various attributes have on the market value of that property. The purpose of this study is to examine the factors contributing to land value of agricultural, forest, and residential properties in Yamhill County, as part of the Spatial Ecosystem Services Analysis, Modeling, and Evaluation (SESAME, http://www.pdx.edu/ecosystem-services/) project. This paper discusses the process and preliminary results of the development of hedonic models that will be utilized for predicting land value changes under future land conversion scenarios. Applying the models to future scenarios will provide insight into the effect that land conversion will have on market value of land in Yamhill County, in order to elucidate one component of the total land value in the area. Numerous studies have performed hedonic modeling in order to provide greater understanding of the non-market ecosystem service values that are contributing to land values, and it is necessary to have baseline information on the value of environmental attributes in order to identify potential policy and planning activities that can preserve these values. Current methods for assessing the value of non-market ecosystem services are mostly in development stages, with few widely-accepted approaches. Utilizing hedonic modeling and other revealed preference techniques may provide valuable insight into the contribution of nonmarket goods and services, in order to ensure they are adequately accounted for in planning and management decisions. UNDERSTANDING THE DRIVERS OF LAND VALUE ii

A strong need exists to increase the knowledge and recognize the values of neighborhood services. This paper makes an attempt to examine the impact of neighborhood services on land values, through analysis based on results obtained from multi linear regression analysis. This case study was done in area of dense urban settlement to check the consequence of neighborhood services through the hedonic pricing model base variables which include the structural, locational, community and neighborhood services. The regression coefficient was checked at (p < 0.05) level of significance for each variable. The primary data was collect through the questionnaire filling by random sampling and Punjab Urban Gazette was used for the verification of land values in study area. The results found a valuable potential on land and property values of neighborhood services through the regression analysis results express through R (0.926), R2 (0.856) and coefficient tables to represent the effect of each individual variable on property and land values. Every individual variable play role in defining the values of land and property based upon its utilization such as larger the structure of a property, more the covered area, larger size of a property more the land area higher price. Similarly, for locational factor study in geography, a piece of land adjacent to the road have high land values 50–70% compare to those located at distance. Very less attention has been paid on such issues in the world due to lack of effective urban planning and research on such crucial issues. If empirical studies on such issue has been done, effective way can be obtained for urban planning.

On the effect of fiscal zoning on land and housing values

The method of estimating the impact of the motorway on agricultural land presented in this study allows to determine all losses related to the directions of this impact. The simplified method of assessing the motorway’s impact on agricultural land is presented on the example of the A4 motorway section running through the villages of Wolica Piaskowa and Czarna Sędziszowska with a length of about 6.364 km. These are areas located in the Podkarpackie Voivodeship. The construction of one kilometer of the motorway section under consideration will result in a reduction in the value of agricultural land amounting to 867 cereal units. Taking over the land for the motorway construction and its negative impact covers about 76% of the total loss of value of agricultural land. The remaining 24% of the loss in value of land is related to the increase in transport and the deterioration of the plots layout.