Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,580 | 2,450 |
II | 2,320 | 2,210 |
III | 1,720 | 1,640 |
IV | 1,370 | 1,310 |
Avg. I-IV | 2,180 | 2,080 |
V | 1,030 | 980 |
VI | 860 | 820 |
VII | 520 | 490 |
Avg. V-VII | 710 | 670 |
Avg. I-VII | 2,140 | 2,040 |
VIII | 170 | 160 |
For all applicable use-value estimates, view James City’s brochure