What does RV and LV mean in real estate advertisements?

You know when you look at a Property Press or something and you read the description of the house etc… and then it has LV $240,000 RV $460,000 or whatever… what does that mean?

2 Answers

  1. RV is registered valuation and I think LV is the land value.

  2. Land value??

    Rateable Value

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