Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,040 | 990 |
II | 940 | 900 |
III | 700 | 660 |
IV | 560 | 530 |
Avg. I-IV | 780 | 740 |
V | 420 | 400 |
VI | 350 | 330 |
VII | 210 | 200 |
Avg. V-VII | 350 | 330 |
Avg. I-VII | 740 | 700 |
VIII | 70 | 70 |
For all applicable use-value estimates, view Fredericksburg City’s brochure