Property Valuation
Vermont's 'excess land' in appraisal analysis refers to:
ALand in excess of the legal lot size
BLand that exceeds what is needed for the highest and best use of the primary improvement✓ Correct
CLand that is contaminated
DLand in the Current Use Program
Explanation
Excess land is the portion of a parcel that exceeds what is needed to support the existing or highest and best use of the primary improvement. Excess land may have separate value and be saleable independently.
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