Faculty Publications

Plottage Revisited

Document Type

Article

Journal/Book/Conference Title

Journal of Real Estate Practice and Education

Volume

16

Issue

1

First Page

83

Last Page

92

Abstract

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

Department of Economics

Original Publication Date

12-4-2013

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