The allocation method and the extraction method of site valuation have frequent application in both rural and urban areas.
- An appraisal method known as the Allocation Method for Valuing Land and Sites entails obtaining data on comparable site values of recent sales and establishing a ratio between the land/site value and overall value. The property that is to be valued is then given this ratio.
- The extraction method is one popular technique for figuring out value.
- The goal of this method is to ascertain the site's or land's value before any changes are made. In other cases, the value of the land itself is the main sum that requires appraisal.
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