Land is valued based on its current use, so .5 acre vs 1 acre are equal in absolute value because each represents a single buildable lot. The price per sq ft isn’t the way to look at land valuations. They will take factors such as location etc into account so it won’t be identical.
Ruser8050 t1_j5qywgo wrote
Reply to Property tax conundrum by [deleted]
Land is valued based on its current use, so .5 acre vs 1 acre are equal in absolute value because each represents a single buildable lot. The price per sq ft isn’t the way to look at land valuations. They will take factors such as location etc into account so it won’t be identical.