Property Valuation
The 'plottage' principle in appraisal refers to:
AThe practice of plotting comparable sales on a map
BThe additional value created when two or more adjacent parcels are combined into a larger single parcel✓ Correct
CThe process of estimating value by analyzing land subdivision potential
DThe value of mineral rights beneath a parcel
Explanation
Plottage (or assemblage) is the principle that the combined value of two or more adjacent parcels assembled into one larger parcel can exceed the sum of the individual parcels' values. The increased value from combining parcels is called plottage increment.
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