When determining the land value using a ratio, what does a ratio of 1-4 indicate about the property?

A ratio of 1-4 indicates that for every 1 unit of value attributed to the land, there are 4 units of value attributed to the building. This means that the land represents a smaller proportion of the total property value. In percentage terms, if the land is valued at 20% of the total property value, this corresponds with the concept that the building makes up the remaining 80%. Understanding this ratio is important for appraisers because it helps in making determinations about property sales, investment analysis, and market trends by revealing the relationship between land and building values. Thus, a ratio of 1-4 clearly shows that land comprises 20% of the overall property value.