Real Estate Value

Historic Significance: Recognized Value of Historical Importance
Historic Significance refers to the recognized value of a property due to its historical, cultural, or architectural importance. This includes historical contexts, key events, and applicability in various fields.
Unearned Increment: Increase in Real Estate Value
An increase in the value of real estate that occurs without any effort from the property owner, often resulting from factors like population growth or economic development.

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