Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,890 | 2,750 |
II | 2,600 | 2,480 |
III | 1,930 | 1,840 |
IV | 1,540 | 1,470 |
Avg. I-IV | 2,440 | 2,330 |
V | 1,160 | 1,100 |
VI | 960 | 920 |
VII | 580 | 550 |
Avg. V-VII | 790 | 760 |
Avg. I-VII | 2,440 | 2,290 |
VIII | 190 | 180 |
For all applicable use-value estimates, view Hampton City’s brochure