Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 320 | 310 |
II | 290 | 270 |
III | 210 | 200 |
IV | 170 | 160 |
Avg. I-IV | 220 | 210 |
V | 130 | 120 |
VI | 110 | 100 |
VII | 60 | 60 |
Avg. V-VII | 80 | 80 |
Avg. I-VII | 180 | 170 |
VIII | 20 | 20 |
For all applicable use-value estimates, view Lynchburg City’s brochure