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Aggregate water (1,008)
front and size
adjustments
Total adjusted per- 1,873
acre value
1 This adjustment consists of the difference between
the per-acre value of the timber on DP ($1,273) and the
per-acre value of the timber on the White House
Plantation ($950), multiplied by the White Houses
Plantation’s 447.75 acres. Mr. Hartnett rounded to get
this amount.
2 Based on a time adjustment of 8 percent.
3 Based on a 35-percent size adjustment.
After adjustments, Mr. Hartnett determined in his report a per-
acre value of $1,873 for the White House Plantation. We shall
review each adjustment.
a. Improvement Adjustment
Mr. Hartnett decreased the White House Plantation sale price
by the amount its improvements exceeded the improvements on DP.
The White House Plantation had improvements valued at $150,000.
Thus, Mr. Hartnett reduced the sale price by $50,000. We find
this adjustment acceptable.
b. Timber Adjustment
The timber adjustment Mr. Hartnett used increased the per-
acre value of the White House Plantation by the difference
between the per-acre value of the timber on DP and the per-acre
value of the timber on the White House Plantation. Respondent
argues that this method does not account for the total value of
the timber on DP. Respondent contends that the timber adjustment
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