Capital Improved Value

The term capital improved value means the sum which land, if it were held for an estate in fee simple unencumbered by any lease, mortgage or other charge, might be expected to realize at the time of valuation if offered for sale on any reasonable terms and conditions which a genuine seller might in ordinary circumstances be expected to require.

Related Pages

External Links & References

  1. Google Search
  2. Section 2 - Victorian Valuation of Land Act 1960
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