How are piers assessed in real estate valuation?

Piers are assessed in real estate valuation primarily by linear foot because they are structures that extend out over water, typically used for docking boats. The valuation approach considers the length of the pier—measuring from the shoreline outwards—rather than its area or volume. This method is practical as it reflects the functional utilization of the pier space, which is often determined by its linear dimension.

Using the linear foot assessment allows for a more straightforward calculation tied to the pier's purpose, as these structures do not generally involve multiple stories or significant height that would make cubic measurement practical. Instead, the length is the critical aspect that influences their function and value in the context of maritime activity, such as docking, fishing, or leisure use.