How do you calculate the zonal value?

Zonal value is calculated by determining the average market value of properties within a specific geographic zone or area. This typically involves collecting data on recent sales of properties, adjusting for differences in size, condition, and amenities, and then averaging those values. The formula often considers factors such as location, property type, and market trends to ensure an accurate representation of property values in that zone. This calculated value can help in assessing property taxes, market assessments, and real estate investments.