RURAL ECONOMICS 



1 169 



The writer divides valuations, according to their purposes, in 3 prin- 

 cipal categories, in Table I : 



Table I. — Categories of Valuation. 



\ Valuations for purposes of taxation ; 



Revenue 



for usufruct or life interest. 



Valuations 

 having for 

 their final 

 object the 

 determina- 

 tion (jf 



Valuations for mortgage security : 

 t: i L " for compensation for damage caused by hail, etc. : 



I c = ' >i of dauiage resulting from military action ; 



I =" ?; I " in respect of temporar\- occupation ; 



capi- I jj s: f „ of indemnity for bad management of properties 



tal _ rented, 



as a . 



source 1 / Valuations for expropriation ; 



of ] S « V " o* improvements or damage caused by neglect ; 



" of servitudes ; 



» for change of value due to the opening of new 



public roads or the establishment of new means 

 of communication. 



capit 

 independe 



/ Valuations of indemnit j' for fire, earthquake, etc. : 

 ital I Treasury valuations tor ascertaining value for succession or 

 indent 1 



death duties, etc. 



/ Valuations for changes in value of lands due to regulations 

 ' for their improvement. 



According to the economic nature of the real properties to be valued 

 (buildings, building and farm lands, quarries, mines, etc.), the categories of 

 Table II are drawn up. 



Table II. — Categories of Valuations 

 according to the economic nature of the property . 



Real 

 property 

 yielding 

 revenue 



directly 



material 



immate- 

 rial 



in cash 



in produce 



real property let at a fair price payable in 

 cash ; 



real propert j- let at a fair price payable in kind ; 

 real property managed or worked by the owner 

 buildings to be demoli-^hed for utilisation of 

 the building material ; 



i buildings and lands required for social or public purposes 

 1 for road construction, religious purposes etc.; sterile 

 i fields, properties yelding no revenue and incapable of 



j-ielding any : 



with dvnamic function 



mixed 



\ 



\ y -n . *• r i.- S houses 



f with static function { 

 \ ' / pleas 



indi- ^ buildings and lands needed for the exercise of an industry ; 

 rectly ( building lands. 



S real properties with improvable 

 ) revenue ; 



\ houses servini;: for purposes nf 



