Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 3,100 | 2,950 |
II | 2,790 | 2,660 |
III | 2,070 | 1,970 |
IV | 1,650 | 1,570 |
Avg. I-IV | 2,620 | 2,500 |
V | 1,240 | 1,180 |
VI | 1,030 | 980 |
VII | 620 | 590 |
Avg. V-VII | 850 | 810 |
Avg. I-VII | 2,570 | 2,450 |
VIII | 210 | 200 |
For all applicable use-value estimates, view York’s brochure