Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 3,250 | 3,100 |
II | 2,930 | 2,790 |
III | 2,170 | 2,070 |
IV | 1,730 | 1,650 |
Avg. I-IV | 2,830 | 2,690 |
V | 1,300 | 1,240 |
VI | 1,080 | 1,030 |
VII | 650 | 620 |
Avg. V-VII | 1,000 | 950 |
Avg. I-VII | 2,690 | 2,560 |
VIII | 220 | 210 |
For all applicable use-value estimates, view Isle of Wight’s brochure