FMV = (V2/V1) x (S1)
FMV = Current fair market value of shorelands
S1 = Value of shorelands at time of last equivalent sale
V1 = Value of abutting upland at time of last equivalent shoreland sale
V2 = Current fair market value of upland to a maximum of 150 feet shoreward
Wash. Admin. Code § 332-30-119
Statutory Authority: RCW 79.105.360. 06-06-005 (Order 724), § 332-30-119, filed 2/16/06, effective 3/19/06. Statutory Authority: RCW 43.30.150 and 79.01.474. 80-08-071 (Order 342), § 332-30-119, filed 7/1/80.