Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,950 | 2,810 |
II | 2,660 | 2,530 |
III | 1,970 | 1,880 |
IV | 1,580 | 1,500 |
Avg. I-IV | 2,570 | 2,440 |
V | 1,180 | 1,130 |
VI | 980 | 940 |
VII | 590 | 560 |
Avg. V-VII | 910 | 870 |
Avg. I-VII | 2,440 | 2,320 |
VIII | 200 | 190 |
For all applicable use-value estimates, view Isle of Wight’s brochure