Property Valuation
A Louisiana appraiser considers a property's 'plottage value' when:
AAssessing farmland productivity
BValuing the increment in value obtained by combining two or more parcels into a single larger parcel✓ Correct
CCalculating the cost to develop a vacant lot
DDetermining the tax assessed value
Explanation
Plottage (assemblage value) is the increment in value gained by combining two or more smaller parcels under single ownership, enabling a use not possible with individual parcels. The combined value exceeds the sum of the individual values.
Related Louisiana Property Valuation Questions
- An appraiser in Louisiana is asked to estimate the 'insurable value' of a property. This differs from market value because insurable value:
- The principle of 'conformity' in Louisiana real estate valuation holds that:
- A Louisiana appraiser performing an appraisal of a property in a flood zone must disclose in the appraisal report:
- What is 'economic obsolescence' as a form of depreciation in real estate appraisal?
- In a Louisiana neighborhood experiencing 'gentrification,' an appraiser should recognize that:
- In the cost approach to appraisal, 'functional obsolescence' refers to:
- In Louisiana, which of the following is a characteristic of 'value in use' as opposed to 'market value'?
- An appraiser in Louisiana determines a residential comparable sale has 200 more square feet of living area than the subject. If the appraiser uses $50 per square foot for size adjustments, the adjustment to the comparable is:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →