Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 3,640 | 3,460 |
| II | 3,270 | 3,120 |
| III | 2,420 | 2,310 |
| IV | 1,940 | 1,850 |
| Avg. I-IV | 2,480 | 2,370 |
| V | 1,450 | 1,390 |
| VI | 1,210 | 1,150 |
| VII | 730 | 690 |
| Avg. V-VII | 750 | 710 |
| Avg. I-VII | 2,470 | 2,360 |
| VIII | 240 | 230 |
For all applicable use-value estimates, view Chesapeake City’s brochure