The purpose of this study is to analyze the effect of limited transaction of aboriginal reservation land by identity on land price in Taiwan. The study first explored the theories of land rent and property rights from literature review, and collected data of price, area, us type, auction times and location of land being auctioned during the period from August 2009 to July 2010 from a governmental database. then set up the quantitative model of land price by regression analysis. The study result indicated that limited transaction by identity, location within longer distance to municipal center and auction times had negative impacts on land price ,but size of area had positive impact on land price. The prices of different land use types were declining by the order of building, farmland, dry field, and forestand.There were also regional differences in land price.