My single family home shows the value split into a land value and an imp value. How is the value of the land determined?

The Summit County Assessor’s Office first develops an opinion of value for the property as a whole, and then uses the allocation method to assign a portion of total property value to the land, based on the relationship between the land and the improvement. To determine the portion to be allocated, we analyze the land to building ratio for the subdivision or neighborhood, as well as the median base value and median land size.

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1. Does my Notice of Value include the Senior or Veteran’s deduction?
2. What is my “Schedule” or “Account” number?
3. How is property valued for taxation purposes?
4. How do I know if my property has been correctly valued?
5. I haven’t made changes to my property, but my value has gone up. Why?
6. Why is my value higher than my neighbor’s if our properties are the same?
7. My single family home shows the value split into a land value and an imp value. How is the value of the land determined?
8. Where can I find sales used from the data collection period?
9. A similar property in my neighborhood just sold for lower than the value of my property. Why isn’t that sale considered to adjust my value lower?
10. How can I view the adjustments to the sales used to value my property?
11. What is “time trending” and how does it affect my property’s value?
12. What is the Calculation Ladder?
13. Why doesn’t my Notice of Value have comparable sales listed?
14. Why did I receive a Notice of Valuation?
15. Is a Notice of Valuation a bill?
16. How are my property taxes calculated?
17. How does a value change affect my property taxes?