What do improved properties typically have that provides value?

Improved properties tend to have artificial attachments, which include features and enhancements that add value beyond the basic structure or land. These attachments can encompass a variety of elements such as buildings, landscaping, parking structures, and other infrastructure improvements. The presence of these enhancements typically increases the utility, aesthetic appeal, and overall marketability of the property, which contributes to its value.

In contrast, high zoning density is related to land use regulations and how much can be built on a property, but does not inherently add value on its own without the presence of improvements. Natural resources can be valuable, but they pertain more to the land's intrinsic qualities rather than improvements made to the property. Low property taxes might make ownership more attractive from a cost perspective, but they do not directly affect the inherent value of the property itself. Therefore, artificial attachments are the primary factors that directly enhance the value of improved properties.