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How to Determine Fair Compensation for Granting Public Utility Easement

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FuLLTiLT

Junior Member
What is the name of your state (only U.S. law)? Indiana

The city's waste water department has expressed interest in purchasing a small piece of my parcel to install a lift station.

It seems simply enough to come up with my own asking price for the real estate as there are several other parcels for sale in close proximity.

I am considering to propose a different solution where the waste water department could have access to the property via an easement as opposed to an outright purchase. Before I propose this, I would like to have a figure in my head that I would like to receive for compensation.

My question is this...

How would one determine fair and just compensation for granting easement rights for a public utility?
 


HomeGuru

Senior Member
What is the name of your state (only U.S. law)? Indiana

The city's waste water department has expressed interest in purchasing a small piece of my parcel to install a lift station.

It seems simply enough to come up with my own asking price for the real estate as there are several other parcels for sale in close proximity.

I am considering to propose a different solution where the waste water department could have access to the property via an easement as opposed to an outright purchase. Before I propose this, I would like to have a figure in my head that I would like to receive for compensation.

My question is this...

How would one determine fair and just compensation for granting easement rights for a public utility?
**A: talk to a real estate appraiser.
 

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