Property Valuation
Plottage in Kentucky real estate means:
AThe assembly of adjacent lots increases total value beyond individual lot values✓ Correct
BA subdivision of one large lot into smaller lots
CThe value of mineral rights under a lot
DThe assessed value assigned by the PVA
Explanation
Plottage (or assemblage) is the increase in value that results from combining two or more adjacent parcels into one larger parcel, which may have greater utility.
Related Kentucky Property Valuation Questions
- When a Kentucky appraiser's value conclusion is significantly lower than the contract price, the lender's underwriter will likely:
- In the cost approach, if land value is $50,000, replacement cost new of improvements is $280,000, and total depreciation is 25%, the estimated value is:
- When making adjustments in the sales comparison approach, if a comparable property has a feature the subject property lacks, the appraiser should:
- Accrued depreciation in the cost approach is the difference between:
- In the income approach, potential gross income (PGI) is the income a Kentucky property would generate if:
- A Kentucky agricultural property's value may be primarily determined by:
- Assessed value in Kentucky is typically set by:
- Progression in property valuation means a lower-value property:
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