Property Valuation
The 'assemblage' of multiple smaller parcels into one larger parcel may create 'plottage value' because:
ALarger parcels always have lower per-unit costs
BThe combined value of the assembled parcels exceeds the sum of the individual parcel values✓ Correct
CSmaller parcels are taxed at higher rates
DAssemblage eliminates the need for zoning approval
Explanation
Plottage value is the increment of value that results when assembling smaller parcels into a larger, more usable parcel. The combined whole is worth more than the sum of its parts due to increased utility and development potential.
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