Property Valuation
In real estate appraisal, 'plottage' (or assemblage) refers to:
AThe act of subdividing a large parcel into smaller lots
BThe incremental increase in value that results from combining two or more adjacent parcels into one larger parcel✓ Correct
CThe process of plotting a property on a survey map
DDetermining the highest value use of a property
Explanation
Assemblage is the process of combining two or more adjacent parcels into one larger parcel. Plottage is the resulting incremental increase in value when the assembled parcel is worth more than the sum of the individual parcels. This happens when the combined parcel can be developed more profitably than the individual parcels.
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