Excerpt from the standard land value map

Standard land values serve the purpose of property market transparency. They represent average location values by zone with value-influencing features that are intended to apply to the majority of properties in the zone. It is always assumed that the property is undeveloped, irrespective of any actual development. In the information provided, the standard land value is stated in euros per square meter and with its value-determining characteristics. In addition to the transparency of the property market, the standard land values are also used for tax purposes.

The standard land values are determined on the basis of actual purchase cases. According to the German Building Code, notary offices are obliged to send copies of the purchase contracts to the offices of the expert committees for land values. The expert committees evaluate the contracts for undeveloped land and derive standard land values from them. If no or too few purchase contracts are available for an area, other variables can also be used for the determination, e.g. index series or rents.

The standard land values are determined and adopted by the expert committees.

The expert committees are responsible for certain regions in Lower Saxony as defined by the state; they are made up of chairmen and honorary members. The presiding members are members of the surveying and land registry administration. Honorary members are experts from the broad field of the real estate industry, e.g. fromreal estate industry, e.g. from the fields of architecture, civil engineering, agriculture, finance or estate agency.

An expert committee is always autonomous and independent. To support the completion of its tasks, each expert committee has an office, which is also located in the surveying and land registry administration.

• Standard land value information