Tom Inglesby, Broker
RE/MAX Equity Group Inc
First you need to realize the assessed value will not necessarily hold true to actual fair market value. You are taxed on the assessed value. The unimproved lot is likely closer in valuation than the improved lot but that is difficult to guess, except that you may have a valuable location due to urban growth expectations. Keep in mind; there are many many lots which are sitting and builders are having a hard time unloading them at this time.
Secondly, the topography, how the lot is situated on location, zoning, etc all have a lot to do with the assessed values. I would have to do further research and that would take a minimum of about 36 hours to obtain all the pertinent info, as I can get very relavent info specific to your address if you are interested. This would Have to be done on an appointment bases (with any realtor of your choosing who know how to work with a builder's development packet from the title company). The question any realtor would want answered is this: are your planning to sell that property, build on the property yourself, or just need the information for your own purposes to know whether you are paying too much in taxes?
Although we can't be specific in our answer to your important question for reasons that we don't know the specific property, I hope your found this helpful; thank you for your question.
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Prudential NW Properties
6400 SE Lake Rd., Suite 200
Portland, OR 97222