Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 4,140 | 3,940 |
| II | 3,730 | 3,550 |
| III | 2,760 | 2,630 |
| IV | 2,210 | 2,100 |
| Avg. I-IV | 2,830 | 2,700 |
| V | 1,660 | 1,580 |
| VI | 1,380 | 1,310 |
| VII | 830 | 790 |
| Avg. V-VII | 850 | 810 |
| Avg. I-VII | 2,820 | 2,680 |
| VIII | 280 | 260 |
For all applicable use-value estimates, view Chesapeake City’s brochure