Online tools for estimating land value provide preliminary assessments based on factors like location, size, zoning, and comparable sales data. For instance, a user might input property details into such a tool to receive a quick valuation estimate.
These automated valuation models (AVMs) offer a convenient starting point for understanding potential market prices. Access to this information empowers landowners to make more informed decisions regarding sales, purchases, or investments. While not a substitute for professional appraisals, the development of these tools has democratized access to property value information, previously a more opaque and expert-driven process.