Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,190 | 1,140 |
II | 1,070 | 1,020 |
III | 800 | 760 |
IV | 640 | 610 |
Avg. I-IV | 870 | 830 |
V | 480 | 450 |
VI | 400 | 380 |
VII | 240 | 230 |
Avg. V-VII | 410 | 390 |
Avg. I-VII | 840 | 800 |
VIII | 80 | 80 |
For all applicable use-value estimates, view Culpeper’s brochure