Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 510 | 490 |
II | 460 | 440 |
III | 340 | 330 |
IV | 270 | 260 |
Avg. I-IV | 350 | 340 |
V | 210 | 200 |
VI | 170 | 160 |
VII | 100 | 100 |
Avg. V-VII | 150 | 140 |
Avg. I-VII | 320 | 310 |
VIII | 30 | 30 |
For all applicable use-value estimates, view Botetourt’s brochure