Property Valuation
In Wyoming, 'assemblage value' or 'plottage increment' refers to the:
AAdditional cost to assemble building materials in remote Wyoming locations
BExtra value created when adjacent parcels are combined into one larger parcel✓ Correct
CValue of assembled mineral rights below the surface
DAdditional tax assessment when parcels are combined
Explanation
Plottage increment (assemblage value) is the additional value created when multiple smaller parcels are combined into a larger, more usable parcel. The combined value often exceeds the sum of the individual values because the larger parcel has greater development potential.
Related Wyoming Property Valuation Questions
- The principle of conformity states that property values are maximized when:
- The sales comparison approach to value is most reliable when appraising which type of Wyoming property?
- External obsolescence affecting Wyoming property values might be caused by:
- In Wyoming, a retroactive appraisal (for estate purposes, for example) requires the appraiser to:
- Functional obsolescence in a Wyoming home might include:
- In Wyoming, the sales comparison approach relies on:
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- External (economic) obsolescence that affects a Wyoming property due to a decline in oil prices impacting the local economy is considered:
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