Property Valuation
Vermont's 'surplus land' versus 'excess land' distinction means surplus land:
AHas independent value and can be separately sold
BCannot be separated from the main parcel and has value only as part of the whole✓ Correct
CIs always included in the assessed value
DBelongs to the municipality
Explanation
Surplus land is extra land that cannot be independently developed or sold — it has value only in conjunction with the main parcel. Excess land, in contrast, can be separated and has independent development potential.
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