term value reference land help what is
Meaning of land reference value. What is it: land prices annually using data collected on puchases.

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Definition land reference value

LAND REFERENCE VALUE title: land reference value (RE) (SAP Library - Glossary)
LAND REFERENCE VALUE category: Real Estate Management (RE)
LAND REFERENCE VALUE explained:

In Germany, the appraiser for cities and communities sets land prices annually using data collected on puchases of land in the area. The land reference value is published and can be obtained from the goverment offices at the city and county level. The land reference value provides assistance in valuating real estate.

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