Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 3,160 | 3,010 |
II | 2,850 | 2,710 |
III | 2,110 | 2,010 |
IV | 1,690 | 1,610 |
Avg. I-IV | 2,790 | 2,650 |
V | 1,260 | 1,200 |
VI | 1,050 | 1,000 |
VII | 630 | 600 |
Avg. V-VII | 970 | 920 |
Avg. I-VII | 2,750 | 2,620 |
VIII | 210 | 200 |
For all applicable use-value estimates, view Suffolk City’s brochure