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The land most people live on does have market precedent so this would be unnecessary.

This idea could still be workable for unimproved land

Then we're back to square 1: how do you determine the unimproved land value of improved land, so you can tax it?

It should be fairly simple to take the original price of installing the components of the house and calculate depreciation. Non-improved value = market value - depreciated home value

Obviously you'd have to keep tracking the improvements over time.

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