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Multiply the length of the easement, by the width of the easement (50 ft.), to get the square footage.
In the diagram above this would be 600 ft. x 50 ft. = 30,000 square ft.
2. Calculate what portion (percentage) of an acre the easement covers.
In this diagram it would be 30,000 square ft. ÷ 43,560 square ft. (the size of 1 acre) = 69% of an acre.
3. Multiply the price per acre that land is selling for in your area, by that percentage.
In this diagram the price per acre could be $5000. $5000 x 69% = $3,443.53
Therefore the "fair market value" of the easement in the diagram above would be $3,443.53

(NOTE: for a downloadable version of this information, please click here.)

Other examples of easement values:

Length Width Square footage Price/Acre Fair Market Value
500 50 25,000 $2000 $1,147.84
1000 50 50,000 $2000 $2,295.68
500 50 25,000 $3000 $1,721.76
1000 50 50,000 $3000 $3,443.53
500 50 25,000 $5000 $2,869.61
1000 50 50,000 $5000 $5,739.21

 

There may be additional terms:

  • • In addition to the fair market value, the company may try to "sweeten the deal" by oering you more money for granting them an easement before they le an application.
  • • They may also oer another payment for trees cut, crops lost, and use of a construction easement. Here are some facts to consider:
  • • If you grant an easement before the company les an application to FERC, or before FERC certies the application, the easement can be sold to a third party.
  • • An easement becomes part of the title to your property, and is very dicult to remove.
  • • The company may acquire easements along the "alternate" routes, and later sell them to third parties, or use them for gathering or distribution pipelines.

Before you consider negotiating, ask yourself:

  • • How much is your land worth now?
  • • How much would your land be devalued with a 30-inch high-pressure gas pipeline buried on it?
  • • Would the monetary compensation for this easement be equal to the loss in your property’s value?
  • • Would your homeowner’s or liability insurance policies be aected if your property had a pipeline?
  • • If you have a mortgage, would the addition of a pipeline on your property put the mortgage at risk?
  • • In the future, how dicult would it be to sell your land if this pipeline was built?

If you don’t want a pipeline on your property, join with other landowners who are opposing it. Together we have a chance to win.