Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 3,400 | 3,240 |
II | 3,060 | 2,910 |
III | 2,270 | 2,160 |
IV | 1,810 | 1,730 |
Avg. I-IV | 2,910 | 2,770 |
V | 1,360 | 1,290 |
VI | 1,130 | 1,080 |
VII | 680 | 650 |
Avg. V-VII | 810 | 770 |
Avg. I-VII | 2,830 | 2,690 |
VIII | 230 | 220 |
For all applicable use-value estimates, view King William’s brochure