Applying Fair Market Value Concepts to Water Rights

  • June 19, 1993
  • • Written by: Bonnie G. Colby

Spring/Summer 1993, Vol 18, No 1

Abstract: Real estate professionals increasingly are asked to assess water rights which are bought, sold and leased in the western United States. The diversity of 5 different regional water markets is described along with their respective price trends. Also included is a fair market value definition for water rights and a detailed discussion on fair market value concepts.