The value of land can be used to determine the amount of tax payable to the local authority by plot owners.Planners can also use land values to zone an area for land uses
In very abstractive view, land value can share the indicator of the diversity in urban area which leads to evaluate urban complexity.... this will make significant sense for decision-makers
Land valuation is a powerful tool for almost any purpose of development planning and land regulation. Property investors/developers are perhaps the most interested, as to define promising sites for investment. But Local Authorities are the very key actors for the process of decision making, based in a sound spatial analysis and citizen involvement. Benefits derived not only from land valuation but of many other factors, of the highly complex territorial reality (urban and rural), are to be built as a result of various technical, socio economic and environmental analysis in order to deal with producing the new inclusive, equitable and smartly sustainable urban habitats, within the new approaches of the post Covid 19 era.
One of the key drivers of Land Administration is valuation. Land based taxes, compensation for overriding public interests and ecosystem damages, mortgages, brokerage and other transactions, need valuation for informed decisions.
Land valuation map will therefore aids quick investment decisions by prospective investors, quick guide by land based investment counselors and policy makers.