Updated about 6 years ago on . Most recent reply
Understanding Land vs. Property Values
Hi all,
I have a newbie question for all of the experts here! The question is for my recent purchase of a duplex (residential).
How do I separate the land value from the total value of the property I just bought? There are two reasons why I asked this:
- I was told that the land value should be not be calculated for depreciation.
- Also, when selecting the dwelling insurance coverage, land is not included under this coverage.
How accurate it is to look up the property taxes from the local county assessor website?