Improvement Value

A type of synth commonly associated with land

• Property taxes are typically based on assessments of both land value and improvement value (and sometimes other personal property)

• This typically encompasses immovable synth (e.g. buildings, physical infrastructure for connecting to utilities services, etc.)

• Since synth is not land, it should be treated separately and thus split-rate property taxes are a good place to start in correcting for the common misstep of lumping them together