Chesapeake City

Income Approach– Estimated use-value of agricultural land ($/acre)

Land Class	Use-Value Without Risk	Use-Value With Risk
I	3,710	3,530
II	3,330	3,180
III	2,470	2,350
IV	1,980	1,880
Avg. I-IV	2,530	2,410
V	1,480	1,410
VI	1,240	1,180
VII	740	710
Avg. V-VII	760	730
Avg. I-VIII	2,520	2,400
VIII	250	240

For all applicable use-value estimates, view Chesapeake City’s brochure