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 | 2,650 | 2,530 |
III | 1,960 | 1,870 |
IV | 1,570 | 1,500 |
Avg. I-IV | 2,520 | 2,410 |
V | 1,180 | 1,120 |
VI | 980 | 940 |
VII | 590 | 560 |
Avg. V-VII | 700 | 670 |
Avg. I-VII | 2,450 | 2,340 |
VIII | 200 | 190 |
For all applicable use-value estimates, view King William’s brochure