Valuation of Utility Corridors: Proper Methodology for Appraising Property Rights

There is ongoing controversy among real estate appraisers concerning the methods used in appraising linear rights-of-way. This paper looks at two competing approaches most often the subject of these debates: at-the-fence valuation and corridor valuation. These methods are examined and analyzed, and the most appropriate approach is outlined. The paper also provides a look at the ongoing evolution of Texas case law regarding the acceptability of corridor valuation methods.

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