Property Valuation
Plottage (assemblage) refers to the increase in value when:
AA property is subdivided into smaller lots
BSeveral adjacent parcels are combined into one larger parcel✓ Correct
CA commercial property is converted to residential use
DA property is rezoned to a higher use
Explanation
Assemblage is the process of combining two or more adjacent parcels into one. Plottage is the increment of value that results from the assembled parcel being worth more than the sum of the individual parcels.
Related Georgia Property Valuation Questions
- The income approach to value is LEAST appropriate for which property type?
- 'Value in use' differs from 'market value' in that value in use is:
- When appraising a property using the income approach, the capitalization rate is determined by:
- A 'market value' definition in a appraisal context assumes:
- The 'band of investment' technique in the income approach estimates a cap rate by:
- In the sales comparison approach, adjustments are made to the comparable properties because:
- A 'retrospective appraisal' values a property:
- Appraisers use 'paired sales analysis' to:
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