Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 940 | 900 |
II | 850 | 810 |
III | 630 | 600 |
IV | 500 | 480 |
Avg. I-IV | 670 | 640 |
V | 380 | 360 |
VI | 310 | 300 |
VII | 190 | 180 |
Avg. V-VII | 270 | 260 |
Avg. I-VII | 620 | 590 |
VIII | 60 | 60 |
For all applicable use-value estimates, view Staunton City’s brochure