​Throughout the Tax-Property Article there are references to valuation and assessment which are not necessarily synonymous. It is important to note, however, that while there is a legal requirement to value land and buildings separately, it is the combined value of land and buildings that constitutes the valuation or assessment referred to in the various sections of the code.

It has always been the practice to extend the property tax bill on the total assessment. It is also a fact that the value of real property as evidenced by the market seldom, if ever, separates the value of land and buildings. The sole purpose of this separation in the calculation of the total value is to allow both the assessor and the property owner to gauge more effectively uniformity with like properties.​​