 |
| Nonlinear Effects in Easement Valuation Author: Henry J. Munneke and Joseph W. Trefzger Start Page: 219 Abstract: Rules of thumb have
been developed to assist appraisers in dealing with the uncertainties that abound when
easement values must be estimated. An economic analysis of one popular rule-of-thumb
technique, based on a fixed percentage of the value of a hypothetical fee simple interest
in the affected land, reveals that such methodology could not generally be expected to
yield meaningful results. If a rule of thumb were to be employed, its use would be more
supportable if the underlying assumptions reflected the nonlinear structure of land
values. |
