Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 4,160 | 3,960 |
| II | 3,740 | 3,560 |
| III | 2,770 | 2,640 |
| IV | 2,220 | 2,110 |
| Avg. I-IV | 2,840 | 2,710 |
| V | 1,660 | 1,580 |
| VI | 1,390 | 1,320 |
| VII | 830 | 790 |
| Avg. V-VII | 850 | 810 |
| Avg. I-VII | 2,830 | 2,690 |
| VIII | 280 | 260 |
For all applicable use-value estimates, view Chesapeake City’s brochure