Standard land values

The standard land value is an average location value for land that is derived from the purchase prices of comparable properties within a certain area. It is usually stated per square meter and refers to a so-called "typical property" within a standard land value zone. The standard land value is determined by the expert committees of the respective municipalities or federal states, usually every two years. Among other things, information from notarized purchase contracts and property surveys is taken into account.

The main function of the standard land value is to provide guidance when determining the value of land. It is used in property valuation, the calculation of inheritance and gift tax and the calculation of property tax. The standard land value is also an important guide for banks, investors and potential buyers when assessing the value of a property, especially if no specific comparative values are available.

Overall, the standard land value is of central importance for the real estate market as it creates transparency and provides a uniform basis for property valuations. Nevertheless, it should be noted that the standard land value does not reflect the exact market price of a specific plot of land, but is merely a guide value. Factors such as the individual location, plot layout, development possibilities or degree of development can significantly influence the actual value.