Property Valuation
In New York, 'plottage' refers to the:
AThe illegal subdivision of land
BThe increase in value when two or more adjacent parcels are assembled (combined) into one larger parcel✓ Correct
CThe process of mapping a subdivision
DThe cost of filing a plat with the county
Explanation
Plottage (or assemblage value) is the increase in value that results from combining two or more adjacent parcels into a larger, more useful parcel. The combined value may be greater than the sum of the individual parcel values.
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