Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 3,610 | 3,440 |
| II | 3,250 | 3,090 |
| III | 2,410 | 2,290 |
| IV | 1,920 | 1,830 |
| Avg. I-IV | 2,690 | 2,560 |
| V | 1,440 | 1,370 |
| VI | 1,200 | 1,150 |
| VII | 720 | 690 |
| Avg. V-VII | 730 | 700 |
| Avg. I-VII | 2,680 | 2,550 |
| VIII | 240 | 230 |
For all applicable use-value estimates, view Virginia Beach City’s brochure