ABSTRACT
In Germany, the system of establishing reference land values is for enhancing the transparency and fair transactions of the land market. Thus, in most Asian countries, such as Japan, South Korea, and Taiwan, governments have often intervened in land markets due to the rapidly increased development tension and scarce land resources. Through regulatory systems and land policies, Taiwan has established a very comprehensive land value assessment system. Considering the scarcity of land and following the landownership nationalization basic principle in the Constitution of Taiwan, the equalization of land rights Act (TELRA) set up two clear aims: any land use shall maximize its possible profit and the extra profit generated from land use shall feed back to the public. According to TELRA, all land plots in the territory of Taiwan have to be assessed and have a 'publicly announced land value' first. The case study of Taiwan reflects both similarities and differences between Taiwan and Germany in terms of land value assessment.
