Property Valuation
Plottage value in Wisconsin refers to:
AThe value added by combining adjacent parcels into one larger parcel✓ Correct
BThe value of mineral rights beneath a property
CThe depreciation of a property over time
DThe assessed value for tax purposes
Explanation
Plottage (assemblage) value is the increment in value created when two or more adjacent parcels are combined, because the combined parcel may be more valuable than the sum of the individual parcels.
Related Wisconsin Property Valuation Questions
- A Wisconsin real estate broker who prepares a CMA for a seller to help determine list price should ensure the CMA:
- In the sales comparison approach, Wisconsin appraisers make adjustments when:
- A Comparative Market Analysis (CMA) in Wisconsin is performed by a:
- Which appraisal approach would a Wisconsin appraiser give the LEAST weight to when valuing a single-family home?
- Curable physical deterioration in a Wisconsin home refers to deterioration that:
- Wisconsin's equalization process for property tax purposes ensures that:
- Wisconsin's DOR (Department of Revenue) 'Statement of Assessment' report provides what type of information?
- The cost approach to value is most reliable for:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →