Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,760 | 1,680 |
II | 1,580 | 1,510 |
III | 1,170 | 1,120 |
IV | 940 | 890 |
Avg. I-IV | 1,520 | 1,450 |
V | 700 | 670 |
VI | 590 | 560 |
VII | 350 | 340 |
Avg. V-VII | 450 | 440 |
Avg. I-VII | 1,490 | 1,420 |
VIII | 120 | 110 |
For all applicable use-value estimates, view Petersburg City’s brochure