Property Ownership
In Delaware, what is a 'plottage increment' in real estate valuation?
AThe additional value of a lot due to its corner location
BThe increase in total value when two or more lots are combined (assembled) into one larger parcel✓ Correct
CThe value added by platting an unsubdivided parcel
DThe increment of value from a road frontage improvement
Explanation
A plottage increment is the additional value created when multiple adjacent parcels are assembled (combined) into one larger parcel. The combined parcel often has greater development potential and value than the sum of the individual parcels.
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