Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 3,560 | 3,390 |
| II | 3,200 | 3,050 |
| III | 2,370 | 2,260 |
| IV | 1,900 | 1,810 |
| Avg. I-IV | 3,050 | 2,900 |
| V | 1,420 | 1,350 |
| VI | 1,190 | 1,130 |
| VII | 710 | 680 |
| Avg. V-VII | 740 | 710 |
| Avg. I-VII | 2,950 | 2,810 |
| VIII | 240 | 230 |
For all applicable use-value estimates, view Essex’s brochure