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Pittsburgh used the two-rate system from 1913 to 2001 [21] when a countywide property reassessment led to a drastic increase in assessed land values during 2001 after years of underassessment, and the system was abandoned in favor of the traditional single-rate property tax. The tax on land in Pittsburgh was about 5.77 times the tax on ...
The present value of ground-rent is the basis for land prices. A land value tax (LVT) will reduce the ground rent received by the landlord, and thus will decrease the price of land, holding all else constant. [citation needed] The rent charged for land may also decrease as a result of efficiency gains if speculators stop hoarding unused land.
In real estate, a land lot or plot of land is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries.
Jul. 1—A local buyer paid $4 million last week for 44 acres of open Med City land once marked as the heart of a proposed "New Urbanism" development. Outlot A 65th Street LLC purchased the three ...
Land loans aren’t the same as conventional mortgages, and their higher costs tend to reflect the amount of risk assumed by the financial institution dealing with an undeveloped property.
Four buyers gave Cox a total of $3.3 million in deposits on a single townhouse at 2960 Coconut Ave. Three people have contracts on it now, including one for $2.475 million with a $742,500 deposit ...
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