Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,440 | 1,380 |
II | 1,300 | 1,240 |
III | 960 | 920 |
IV | 770 | 730 |
Avg. I-IV | 1,030 | 990 |
V | 580 | 550 |
VI | 480 | 460 |
VII | 290 | 280 |
Avg. V-VII | 430 | 410 |
Avg. I-VII | 950 | 900 |
VIII | 100 | 90 |
For all applicable use-value estimates, view Harrisonburg City’s brochure