Why did my land value change differently than my building value?
Since the last revaluation, real estate values have changed significantly. Over the same period, building construction costs have increased at a slower rate than property values have appreciated. Since building costs have not increased as much as total values, the bulk of the total increase, if any, is attributable to land. This makes perfect economic sense, as it is land that is limited supply.

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1. What is a revaluation?
2. What happens during a revaluation?
3. Why did my land value change differently than my building value?
4. Will a revaluation increase taxes?