Property Valuation
In South Carolina, 'plottage' refers to the increase in value when:
AA property is subdivided into smaller lots
BAdjacent parcels are assembled into a larger tract, resulting in greater total value than the sum of individual values✓ Correct
CA property is rezoned to a higher use
DA property is improved with new construction
Explanation
Plottage (or assemblage value) is the increase in total value when two or more adjacent parcels are merged into one larger parcel. The combined parcel is often worth more than the sum of the individual pieces due to expanded development possibilities.
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