Property Valuation
Vermont's 'plottage' principle means that:
ASmaller lots always sell for more
BCombining smaller parcels into a larger parcel may create a value greater than the sum of the individual parts✓ Correct
CPlotting land for development reduces its value
DSubdivision always increases total land value
Explanation
Plottage (also called assemblage) occurs when combining adjacent smaller parcels creates a larger parcel whose total value exceeds the combined values of the individual parcels — because the larger parcel may support a higher use.
Related Vermont Property Valuation Questions
- A Vermont property has effective gross income of $120,000 and operating expenses of $45,000. The net operating income is:
- Vermont's 'reappraisal year' refers to a municipality's periodic:
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- In Vermont's rural market, which appraisal approach is typically given the most weight for single-family residential properties?
- In Vermont, the 'regression principle' suggests that a high-value home placed in a neighborhood of lower-value homes will:
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