I bought it in 2013 as just raw land for a little over $305k.

Just for raw numbers sake, a couple in California that makes $100K pays around $5,900 (more if you're single) for state income tax.  

Raw land of course has a value.   

We currently have 3 properties in Guilford, CT (one rental, one residential lot, one raw land) but are seeking to invest in multi-family homes in Hamden, CT.

"Let her enjoy new appliances" isn't a satisfactory answer, either, since it's important to me that she not feel like she's getting a raw deal.Let me know your thoughts! 

I welcome questions on pertinent raw land topics, and promise prompt replies!

Contractors are no different than any restaurant; they acquire raw materials utilized in a construct of a finished product sold unto a final consumer of said finished product.And all-the-more, if a GC has a great manufacturer direct account on materials they have a NDA agreement from the manufacturer that they CAN'T share there cost's or disclose to anyone. 

Beyond raw land costs plus something for development, I'm not sure how to value it.You may need to get creative in selling it as an empty park.

If you're buying raw land, definitely research through your county what it'll take to get utilities established.

Or are you looking to take down a house to raw land?