Information quality creates trust
Every year again, or more precisely every two years again: the expert committee for land values in the area of the state capital of Munich has published the standard land values as of Dec. 31, 2020. Noticeable increases can be seen in particular in areas where large-scale new buildings have been erected in recent years, resulting in urban development.
Why are the new standard land values so important?
- The standard land values are a value-driving component of tax valuations in both the tangible-asset and capitalized-income methods.
- They are important for all real estate transfers by way of inheritance or donation with a cut-off date of 01.01.2021.