Nonlinear Effects in Easement Valuation

Henry Munneke and Joseph Trefzger

Journal of Real Estate Research, 1998, vol. 16, issue 2, 219-228

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.

Date: 1998
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DOI: 10.1080/10835547.1998.12090942

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