Compensation For Utility Easement
Description
How to fill out Utility Easement?
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FAQ
An easement in appurtenant could be something like a shortcut to a public park, access to a utility or a right of way to the street.
Express Easement Public access roads and utility easements are the most common types of express easements in which rights are granted to an entity such as a utility company or municipality and their employees.
Affirmative easements are the most common. They allow privileged use of land owned by others.
Typical easements are 12 - 20 feet wide, the main transmission lines for water or sewer may have up to 50-foot easements and in most cases the easements will not be cut to full width.
Grants or sales of limited easements are usually not treated as taxable sales of property. Instead, amounts received from such transfers are subtracted from the basis of the property. Any amounts received in excess of basis are treated as taxable gain.