Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 3,450 | 3,280 |
| II | 3,100 | 2,960 |
| III | 2,300 | 2,190 |
| IV | 1,840 | 1,750 |
| Avg. I-IV | 2,990 | 2,850 |
| V | 1,380 | 1,310 |
| VI | 1,150 | 1,090 |
| VII | 690 | 660 |
| Avg. V-VII | 1,060 | 1,010 |
| Avg. I-VII | 2,850 | 2,720 |
| VIII | 230 | 220 |
For all applicable use-value estimates, view Franklin City’s brochure