Property Valuation
What is 'plottage value' (plottage increment) in North Dakota real estate appraisal?
AThe value of a lot in a platted subdivision
BThe increased value resulting from combining two or more adjacent parcels into a single larger parcel✓ Correct
CThe decrease in value when a large parcel is subdivided
DThe value added by installing a new water well
Explanation
Plottage refers to the increase in value created when two or more smaller parcels are assembled (merged) into a single larger parcel. The combined value of the merged parcel often exceeds the sum of the individual parcels.
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