Accurate estimates of land values on a property-by-property basis are an important requirement for the effective implementation of land-based property taxes. We compare hedonic, residual, and matching techniques for mass appraisal of residential land values, using data from Maricopa County,...

A house is a bundle of land and improvements, with the weights of the two components varying both over time and across locations. We capture the land intensity or leverage of a property by measuring the ratio of land to total value. This is accomplished using transactions data for single-family...