§ 819 Property Valuation Basis

• •When figuring out how much property is worth, you can look at how much money it could make from rent.
• •Only count the rent from the land and buildings, not from any business happening there.
• •This helps decide the property's value in a fair way.

You own a small shop building and want to know how much it's worth.

You can calculate its value by looking at how much rent you could charge for the building itself, not by how much money the shop inside makes.