This article explains the various methods employed by valuers in Australia to assess land value. Land value is used since improvements are included in the sales analysis process. Not only are different methods discussed, but how they have evolved through time around the country are also analyzed.
Site value taxation
Mangioni, V. (2015). A review of the practices of valuers in the assessment of land value for taxation in Australia. Journal of Property Tax Assessment & Administration, 12(2), 5-15. Retrieved from https://researchexchange.iaao.org/jptaa/vol12/iss2/1