13. Two properties, each worth $50,000, are combined into one larger parcel that has a value of $120,000. This increase in value is called:
- Question #13
- Answer: C
- Explanation: An increase in value that results when two or more contiguous properties are combined into a more valuable parcel under single ownership is called plottage. The increase in value is due to improved usability. This often occurs where larger parcels are needed for industrial or commercial uses.