Property Valuation
The 'plottage' value increase occurs when:
AA property is subdivided into smaller lots
BMultiple adjacent parcels are assembled into one larger parcel that is worth more than the sum of the individual parts✓ Correct
CA parcel is used for its highest and best use
DA property is improved with additional structures
Explanation
Plottage (or assemblage) is the increase in value created when adjacent parcels are combined into a single larger parcel. The assembled parcel often has a higher value than the sum of the individual lots because it allows for more valuable development.
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