How does the front foot method determine land value?

The front foot method determines land value primarily by using a standard depth for comparison. This approach is based on analyzing the per frontage foot of a property to establish its value, often using a uniform depth as a benchmark. This allows assessors to apply consistent valuation practices across similar properties in a given area.

Using a standard depth simplifies comparisons between properties located on the same street or in similar neighborhoods, where depth can influence value due to factors such as accessibility, visibility, and potential for development. The front foot value is derived from assessing what buyers are willing to pay for each linear foot of the property’s frontage, while assuming that properties of a particular depth share similar characteristics.

Other options refer to different aspects of property valuation. Assessing land from a street perspective might contribute to understanding location desirability but does not directly establish land value as consistently as the front foot method. Calculating area on a square foot basis focuses on land size rather than its shape or configuration related to frontage. Applying zoning regulations can influence land value indirectly by determining allowable uses and densities but does not inherently relate to the front foot valuation itself.