irvineparrett
Junior Member
What is the name of your state (only U.S. law)? Washington Puget Sound Energy wants a 290'x15' electrical utility easement how do i determine value of the easement?
How I determined value of easement.
I determined the value of the affected property as a whole parcel (290’ x 15’ of road frontage). Price per square foot as per Pierce County Tax Assessors land value ($180,000 for 98446 sq. ft. parcel)
I then divided the total tax assessed value of the affected property parcel by the total number of square feet contained in the parcel to obtain a value for our property per square foot.
I calculated the square footage of the property affected by the easement (4,350 sq. ft. easement).
I finally multiplied the square footage of the easement by the per-square-foot value of the property to provide the tax assessed value of the easement ($ 1.82 per sq. ft).
They offered .53 cents per square foot. Are they fair? I also have a home on the property. Total value land with home approx. 320,000 should I calculate square footage with land and home?
How I determined value of easement.
I determined the value of the affected property as a whole parcel (290’ x 15’ of road frontage). Price per square foot as per Pierce County Tax Assessors land value ($180,000 for 98446 sq. ft. parcel)
I then divided the total tax assessed value of the affected property parcel by the total number of square feet contained in the parcel to obtain a value for our property per square foot.
I calculated the square footage of the property affected by the easement (4,350 sq. ft. easement).
I finally multiplied the square footage of the easement by the per-square-foot value of the property to provide the tax assessed value of the easement ($ 1.82 per sq. ft).
They offered .53 cents per square foot. Are they fair? I also have a home on the property. Total value land with home approx. 320,000 should I calculate square footage with land and home?
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