Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,400 | 2,290 |
II | 2,160 | 2,060 |
III | 1,600 | 1,530 |
IV | 1,280 | 1,220 |
Avg. I-IV | 2,030 | 1,940 |
V | 960 | 920 |
VI | 800 | 760 |
VII | 480 | 460 |
Avg. V-VII | 660 | 630 |
Avg. I-VII | 1,990 | 1,900 |
VIII | 160 | 150 |
For all applicable use-value estimates, view Hampton City’s brochure