Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,290 | 2,180 |
II | 2,060 | 1,970 |
III | 1,530 | 1,460 |
IV | 1,220 | 1,160 |
Avg. I-IV | 1,980 | 1,890 |
V | 920 | 870 |
VI | 760 | 730 |
VII | 460 | 440 |
Avg. V-VII | 590 | 570 |
Avg. I-VII | 1,940 | 1,850 |
VIII | 150 | 140 |
For all applicable use-value estimates, view Petersburg City’s brochure