land cost
The asking or paid price of a property's land at a given time, apart from the value of structures on it.
The land cost for any property is the cost asked for or paid for the land belonging to it at a given time. This is normally determined when the land is undeveloped, or when an existing structure on the land is worth nothing, but it can theoretically be determined for a developed parcel of land as well, as if the land were sold without conferring ownership of the structure(s) on it.
The price concerns the land itself. A developed parcel can still have a land value considered separately from its buildings.
An assessed value is a government valuation, while land cost is an asking or paid amount. The full price of an improved property can include more than the land component.
Related definitions
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assessed value
A property value established by an official government assessment at a given time, usually for taxation. -
brokerage commission
A service fee paid to an agent for the successful completion of a transaction. -
construction cost $
The total costs of construction in US Dollars as recorded at the time of completion. -
construction cost CHF
The total costs of construction in Swiss Francs as recorded at the time of completion. -
construction cost RMB
The total costs of construction in Chinese Renminbi as recorded at the time of completion. -
construction cost £
The total costs of construction in Pounds Sterling as recorded at the time of completion. -
construction cost ¥
The total costs of construction in Japanese Yen as recorded at the time of completion. -
construction cost €
The total costs of construction in Euros as recorded at the time of completion. -
demolition cost
The amount spent or projected for a complete or partial demolition project, according to the date of the figure. -
deposit
An amount of money presented to the owner as a security when leasing a property. -
property tax
The total annual property taxes levied by the applicable governments and owed by the property owner. -
renovation cost
The amount spent or projected for one renovation project, separated in time from other construction or alteration work. -
rental cost
The price charged to tenants per measured square unit to rent space in a structure. -
revenue
Monetary figures describing earnings or value received by a structure, company, land area, or other object. -
sales cost
The asking or agreed sale price of property expressed per square meter or square foot of floor space.