Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,690 | 1,610 |
II | 1,520 | 1,450 |
III | 1,130 | 1,080 |
IV | 900 | 860 |
Avg. I-IV | 1,210 | 1,160 |
V | 680 | 650 |
VI | 560 | 540 |
VII | 340 | 320 |
Avg. V-VII | 500 | 480 |
Avg. I-VII | 1,110 | 1,060 |
VIII | 110 | 110 |
For all applicable use-value estimates, view Harrisonburg City’s brochure