Virginia Beach City

Income Approach– Estimated use-value of agricultural land ($/acre)

Land Class	Use-Value Without Risk	Use-Value With Risk
I	3,460	3,290
II	3,110	2,960
III	2,300	2,200
IV	1,840	1,760
Avg. I-IV	2,570	2,460
V	1,380	1,320
VI	1,150	1,100
VII	690	660
Avg. V-VII	700	670
Avg. I-VII	2,560	2,440
VIII	230	220

For all applicable use-value estimates, view Virginia Beach City’s brochure