Property Valuation
In Montana, 'plottage value' (assemblage premium) refers to:
AThe value lost when a property is subdivided into smaller parcels
BThe increased value created when two or more adjacent parcels are combined into a single parcel of greater utility✓ Correct
CThe value of a plot plan or survey
DThe assessed value assigned by the county plat
Explanation
Plottage (assemblage) value is the increment of value created when combining two or more adjacent parcels into a single larger parcel. The combined value often exceeds the sum of the individual parcel values.
Related Montana Property Valuation Questions
- A Montana appraiser must be state-certified to perform appraisals for federally related transactions. Which level of certification is required for complex residential appraisals over $400,000?
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