Regulations on Real Estate Appraisal Article 44
Land income value is estimated according to the following calculations:1. With no building on land:Land income value = land net operating income / land capitalization rate2. With buildings on land:Land income value = (built-up property net operating income-building net operating income) / land capitalization rate Building net operating income is estimated according to the following calculations:1. With deduction of recapture allowance from net operating income:Building net operating income = building cost value x building capitalization rate2. Without deduction of recapture allowance from net operating income:Building net operating income prior to recapture allowance = building cost value x (building capitalization rate + the future recapture rate based upon the value on the date of value opinion)
中文原文 不動產估價技術規則第44條
土地收益價格依下列計算式求取之：
一、地上無建物者：土地收益價格＝土地淨收益／土地收益資本化率二、地上有建物者：土地收益價格＝（房地淨收益－建物淨收益）／土地收益資本化率建物淨收益依下列計算式求取之：
一、淨收益已扣除折舊提存費者：建物淨收益＝建物成本價格×建物收益資本化率二、淨收益未扣除折舊提存費者：建物折舊前淨收益＝建物成本價格×（建物收益資本化率＋建物價格日期當時價值未來每年折舊提存率）
一、地上無建物者：土地收益價格＝土地淨收益／土地收益資本化率二、地上有建物者：土地收益價格＝（房地淨收益－建物淨收益）／土地收益資本化率建物淨收益依下列計算式求取之：
一、淨收益已扣除折舊提存費者：建物淨收益＝建物成本價格×建物收益資本化率二、淨收益未扣除折舊提存費者：建物折舊前淨收益＝建物成本價格×（建物收益資本化率＋建物價格日期當時價值未來每年折舊提存率）