Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,220 | 2,210 |
II | 2,000 | 1,910 |
III | 1,480 | 1,410 |
IV | 1,190 | 1,130 |
Avg. I-IV | 1,920 | 1,840 |
V | 890 | 850 |
VI | 740 | 710 |
VII | 440 | 420 |
Avg. V-VII | 570 | 550 |
Avg. I-VII | 1,880 | 1,800 |
VIII | 150 | 140 |
For all applicable use-value estimates, view Petersburg City’s brochure