I don't know so much about that, land can vary quite a bit in desirability. Certain features are given to create disparity such as size, but you can't possibly argue that say a standard 1 acre lot with 150 feet of frontage should be similarly assessed. Things such as the quality of that frontage, characteristics of the land (rocky, sloping, swampy, ease of access, proximity to town) all make a difference in actual "value". I see no difference in having widely varying land values as much as building values. Granted if there are two lots being compared side by side that have nearly identical characteristics then they should be assessed as such with a similar price tag.
I also believe that certain improvements can be reflected in the land value too.
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