Property Valuation
Plottage value in Utah refers to:
AThe value added to individual plots in a cemetery
BThe increased value created by combining multiple adjacent parcels into one larger parcel✓ Correct
CThe per-unit value of a condominium complex
DThe agricultural premium for irrigated land
Explanation
Plottage (assemblage value) is the increased value created when two or more adjacent parcels are combined—the whole becomes worth more than the sum of its parts due to increased development potential.
Related Utah Property Valuation Questions
- A 'drive-by' or 'exterior-only' appraisal of a Utah property is typically ordered when:
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- The principle of regression in appraisal states:
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- Which approach is most reliable for appraising a new single-family home in a suburban Salt Lake County subdivision with many similar recent sales?
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