FWIW
It doesn't matter! Pick a number and swear by it. I was fortunate that I KNOW what my elevation is but barometer readings gave me fits for months. When you get VPLive from SoftWx, you will be reported 6 different barometer pressures. The three main ones (I think) are Station pressure, Barometer (Sea Level), and altimeter which airports and CWOP use.
Get, read and heed the CWOP "Weather Station Siting, Performance, and Data Quality GUIDE" and remember that unless you rent space at an airport, you aren't going to be able to follow all Siting instructions.
Actually, IMHO, Siting the rain bucket is the most beneficial to best location of all your weather instruments.
Best of Luck and . . . . . Have FUN!!
George