Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 910 | 860 |
II | 820 | 780 |
III | 600 | 580 |
IV | 480 | 460 |
Avg. I-IV | 650 | 620 |
V | 360 | 350 |
VI | 300 | 290 |
VII | 180 | 170 |
Avg. V-VII | 280 | 270 |
Avg. I-VII | 590 | 560 |
VIII | 60 | 60 |
For all applicable use-value estimates, view Fauquier’s brochure