Journal of Real Estate Practice and Education
In simple terms, plottage is a phenomenon in land values that occurs when the price per acre of land increases as the size of a parcel increases. It is a rare phenomenon that real estate appraisers and tax assessors typically do not fully understand. By reviewing the appraisal and academic literature, this study finds that plottage is so rare that appraisers/assessors should never make plottage adjustments that are not supported by market sales data. If there are no recent sales of very large parcels of land, then the appraiser/assessor should assume that plottage is not present.
Department of Economics
Original Publication Date
Isakson, Hans R., "Plottage revisited" (2013). Faculty Publications. 1522.