A more thorough explanation:

Improved land refers to real property that has been developed. This means that the land has been modified in some way to make it more useful or valuable. The improvements may or may not enhance the value of the land.

• A vacant lot that has been cleared of trees and debris is considered improved land.
• Agricultural land that has been irrigated and leveled for farming is also considered improved land.
• A commercial property that has been built with a parking lot, landscaping, and a building is another example of improved land.

These examples illustrate how the land has been modified to make it more useful or valuable. Clearing a lot of trees and debris makes it easier to build on the land. Irrigating and leveling agricultural land makes it more productive. Building a commercial property with amenities like a parking lot and landscaping makes it more attractive to potential buyers or tenants.