Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,570 | 1,500 |
II | 1,410 | 1,350 |
III | 1,050 | 1,000 |
IV | 840 | 800 |
Avg. I-IV | 1,140 | 1,090 |
V | 630 | 600 |
VI | 520 | 500 |
VII | 310 | 300 |
Avg. V-VII | 540 | 510 |
Avg. I-VII | 1,110 | 1,060 |
VIII | 100 | 100 |
For all applicable use-value estimates, view Culpeper’s brochure