The comparative value method is one of a total of three statutory valuation procedures for built-up land. It is one of the simplest methods, as you do not have to make complex calculations, but only look at the prices at which comparable properties were sold. Or to put it bluntly: You take a look into the neighborhood.
In the comparative value method, you value land that falls under § 182 paragraph 2 of the German Valuation Act (BewG). The procedure is therefore applicable to:
This article does not replace tax or legal advice in an individual case. Facts, current law, jurisdiction, documentation and implementation remain decisive.