Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 300 | 280 |
II | 270 | 260 |
III | 200 | 190 |
IV | 160 | 150 |
Avg. I-IV | 210 | 200 |
V | 120 | 110 |
VI | 100 | 90 |
VII | 60 | 60 |
Avg. V-VII | 80 | 70 |
Avg. I-VII | 170 | 160 |
VIII | 20 | 20 |
For all applicable use-value estimates, view Lynchburg City’s brochure