Property Valuation
A Kentucky property with 100 feet of frontage on a main commercial road and 200 feet of depth is being valued. The appraiser applies a 'plottage' adjustment because:
AThe property is smaller than typical
BCombining adjacent lots increases the total value above individual lot values✓ Correct
CThe road frontage makes the property more valuable per square foot
DThe property is being subdivided
Explanation
Plottage value is the additional value created when multiple parcels are combined (assembled) into a larger parcel that has greater utility and value than the sum of the individual parcels.
Related Kentucky Property Valuation Questions
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