About

Undeveloped land is taxed differently than improved residential property. Tax assessors often apply distinct valuation schedules based on zoning classification (Agricultural, Residential, Commercial). For example, agricultural land frequently benefits from significantly lower rates due to "current use" valuations, whereas vacant residential lots in urban centers may face higher speculative rates.

This tool helps landowners estimate liability by applying zoning multipliers and handling unit conversions for international applicability (Acres to Hectares).

Formulas

Land tax often follows a value-based formula adjusted by a zoning factor:

T = (A × V_unit) × M_zoning × r_tax

Where A is area, V_unit is value per unit (acre/sq ft), and M is the zoning multiplier.

Reference Data

Zoning Type	Typical Valuation Method	Tax Impact
Agricultural / Farm	Current Use Value (Crop Yield)	Very Low (0.1% - 0.3% eff.)
Residential Vacant	Market Comparison	Standard (1.0% - 1.5%)
Commercial Land	Income Potential / Highest Use	High (1.5% - 2.5%)
Conservation Easement	Restricted Use	Minimal / Exempt
Industrial	Infrastructure Proximity	Medium-High

Frequently Asked Questions

An Agricultural Exemption (or Ag-valuation) allows land used for farming or ranching to be taxed based on its agricultural income potential rather than its selling price, often reducing taxes by 90% or more.

Often at the "Highest and Best Use". Even if empty, if it's zoned for a skyscraper, you may be taxed as if the potential value is high.