Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,760 | 2,630 |
II | 2,480 | 2,370 |
III | 1,840 | 1,750 |
IV | 1,470 | 1,400 |
Avg. I-IV | 2,330 | 2,230 |
V | 1,100 | 1,050 |
VI | 920 | 880 |
VII | 550 | 530 |
Avg. V-VII | 760 | 720 |
Avg. I-VII | 2,290 | 2,180 |
VIII | 180 | 180 |
For all applicable use-value estimates, view Hampton City’s brochure