Property Valuation
In Rhode Island, what is 'plottage value'?
AThe value lost when a large parcel is subdivided
BThe increase in value resulting from combining two or more parcels into one larger parcel (assemblage)✓ Correct
CThe value of a plot of vacant land before zoning
DThe appraised value of a condominium plot
Explanation
Plottage is the increment of value resulting from the assemblage (combination) of adjacent parcels into a single, larger parcel. The combined parcel is often worth more than the sum of the individual parcels' values.
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