Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,480 | 2,360 |
II | 2,230 | 2,130 |
III | 1,650 | 1,580 |
IV | 1,320 | 1,260 |
Avg. I-IV | 2,180 | 2,090 |
V | 990 | 950 |
VI | 830 | 790 |
VII | 500 | 470 |
Avg. V-VII | 770 | 730 |
Avg. I-VII | 2,160 | 2,060 |
VIII | 170 | 160 |
For all applicable use-value estimates, view Suffolk City’s brochure