Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 790 | 750 |
II | 710 | 670 |
III | 520 | 500 |
IV | 420 | 400 |
Avg. I-IV | 560 | 530 |
V | 310 | 300 |
VI | 260 | 250 |
VII | 160 | 150 |
Avg. V-VII | 240 | 230 |
Avg. I-VII | 510 | 490 |
VIII | 50 | 50 |
For all applicable use-value estimates, view Fauquier’s brochure