the value of the improvements is low, for example, demolition value
only (dvo) or the improvements do not represent the highest and best
use of the site then the value of the land is known as site value.
Analyzed land values from such site sales are the most reliable after
vacant land sales.
value in rating and taxing is the same as land value. That is, the
value of land assuming no manmade improvements but including land or
ground improvements. It is sometimes used to describe the value of a
site with uneconomic improvements.