The Valuation of Public Service Corporation Property: Transactions of the American Society of Civil Engineers,; vol. LXXII, June, 1911, ASCE 1190Riggs, Henry Earle
General
The Valuation of Public Service Corporation Property: Transactions of the American Society of Civil Engineers,; vol. LXXII, June, 1911, ASCE 1190
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County. │ Name of road. │ Name of │ Appraisal, │ Actual
│ │ village. │ 1900. │ transfer.
│ │ │Average per │Average per
│ │ │ acre. │ acre.
──────────┼────────────────────┼────────────┼────────────┼────────────
Jackson │Michigan Central │Parma │ $177.25│ $1,166.65
Van Buren │Michigan Central │Mattawan │ 571.00│ 2,439.04
Tuscola │Michigan Central │Caro │ 571.00│ 733.42
Oakland │Pere Marquette │Clyde │ 346.00│ 333.00
Oakland │Pere Marquette │Milford │ 571.00│ 1,136.37
Genesee │Pere Marquette │Grand Blanc │ 121.00│ 327.87
Kent │Pere Marquette │Lowell │ 571.00│ 1,552.26
Ionia │Pere Marquette │Belding │ 1,000.00│ 967.77
Washtenaw │Michigan Central │Dexter │ 571.00│ 718.75
Washtenaw │Michigan Central │Delphi │ 233.50│ 2,383.34
Cass │Grand Trunk Western │Cassopolis │ 458.50│ 1,600.00
Cass │Grand Trunk Western │Edwardsburg │ 222.25│ 466.67
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The conclusion reached by the appraiser in 1902 was that, for railroad
purposes, right of way is worth what it costs to produce it. It would be
just as consistent to claim that a railroad has a misfortune in having a
river to cross, and that no value should be placed on the bridge which
spans it, as to claim that right of way, which costs three times
farm-land values, should not be valued at a higher figure than farm
land.
TABLE 6.—COMPARISON OF VALUATION FIGURES WITH ACTUAL
CONSIDERATIONS—COMPARISON OF IMMEDIATELY ADJOINING PROPERTIES,
GRAND RAPIDS, MICHIGAN.
The prices are per square foot or per acre.
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