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Replacement Cost, and Trunk Formula Method are types of value and cost techniques <br />used by plant and landscape appraisers. <br />Two methods were considered appropriate for this situation: the Trunk Formula <br />Method and the Replacement Cost Method. The Trunk Formula Method is used to <br />appraise the monetary value of trees considered too large to be replaced with nursery or <br />field grown stock. It considers the trunk diameter in the valuation. The Replacement <br />Cost Method is based on the cost of replacing the trees. Since trees as large as those <br />being lost aze not available or practical to plant, smaller trees aze planted and the years to <br />reach an equivalent size are estimated (parity). To determine the monetary value, annual <br />compound interest factors are used. <br />In both procedures, four primary factors help determine the value of the plants: Species, <br />Condition, Size, and Location. <br />The limiting factor is this appraisal is the Location. The trees, as viewed from the house <br />deck, are only slightly visible. The loss of the trees would not be noticeable from the <br />dwelling and would not greatly affect the property value. <br />The trees, as a part of the property along Water Street do add to the property's aesthetic <br />value in that they provide, along with the other trees, a forested cover. The loss of all <br />trees would be a lazge impact. The loss of the three subject trees would be minor but they <br />do add to the overall forester appearance and the roots help provide a stabilizing affect to <br />the slope. Based on Location factors of site, contribution, and placement a 42% <br />adjustment is made to the basic value of the trees. <br />Truuk Formula Method <br />Based on the Truck Formula Method, I have va]ued the trees as follows: <br />Tree No. 1 $1000. <br />Tree No. 2 3100. <br />Tree No. 3 900. <br />Total Value $5,000. <br />Tree No. 3 is has the best form and appearance; however, its smaller size and closeness to <br />the road cut reduce it value as compared to the 16" diameter of tree No. 2. <br />Replacement Cost Method <br />The Replacement Cost is based on planting replacement trees and maintaining them until <br />established. Two factors are involved in replacing trees on this site: the availability of the <br />tree species and the physical ability to move trees to the site and plant them. <br />4 <br />