Property Valuation
What is 'assemblage value' (plottage increment) in Rhode Island?
AThe value lost when a property is subdivided
BThe added value created when combining two or more adjacent parcels into one larger parcel of greater value✓ Correct
CThe appraiser's estimate of future value
DThe premium paid for a corner lot
Explanation
The plottage increment (assemblage value) is the increase in total value when two or more parcels are combined, beyond the sum of their individual values. This occurs because the combined parcel has superior utility or development potential.
Related Rhode Island Property Valuation Questions
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