Historical experience evaluation land in Russia

The author provides a comparative analysis of contemporary methods and approaches to land valuation and the approaches outlined in the book «Assessment of the earth» VI Theological, which was published in 1912 in St. Petersburg as a practical guide for bank employees. Concludes that, despite the passage of the issuance of 100 years, the basic idea of the book relevant and applicable in the assessment of land at the present time. The name of the first chapter «Actual and potential income as the main basis of valuation of the land» captures the essence of the modern concept of the value at which the assessment is based not only land but also the real estate business, securities, and more.