Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,700 | 1,620 |
II | 1,530 | 1,450 |
III | 1,130 | 1,080 |
IV | 900 | 860 |
Avg. I-IV | 1,470 | 1,400 |
V | 680 | 650 |
VI | 570 | 540 |
VII | 340 | 320 |
Avg. V-VII | 470 | 450 |
Avg. I-VII | 1,320 | 1,260 |
VIII | 110 | 110 |
For all applicable use-value estimates, view King George’s brochure