A land-to-value ratio of 1:4 indicates that land represents what percentage of the total value?

A land-to-value ratio of 1:4 means that for every 1 part of land value, there are 4 parts of total value. To determine the percentage that the land represents, you first need to understand that the total value consists of both the land value and the value of any improvements.

In this ratio, the total number of parts is 1 (land) + 4 (value of improvements) = 5 parts. To find the percentage of the total value that the land constitutes, you take the land part (1) and divide it by the total number of parts (5).

The calculation looks like this:

(1 / 5) * 100 = 20%.

However, since the question indicates a land-to-value ratio of 1:4, the land's value represents only 1 part out of the total 5 parts, but it is crucial actually to express the land's value within the context of just the built improvements.

Properly, considering the typical interpretation of such ratios, land value being 1 part out of a total composed of both land and improvements leads directly to a percentage calculation suggesting land value is essentially one quarter of the overall composition when translated appropriately, confirming that