Farmland Certified Values for Assessment Year 2017

Certified Values for Assessment Year 2017 ($ per acre)
Average Management
PI
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
Gross
Income
$603.07
$609.10
$615.13
$621.15
$627.18
$633.21
$639.24
$645.26
$651.29
$657.32
$663.34
$669.37
$675.40
$681.42
$687.45
$693.48
$699.50
$705.53
$711.56
$717.59
$723.61
$729.64
$735.67
$741.69
$747.72
$753.75
$759.77
$765.80
$771.83
$777.85
$783.88
$789.91
$795.94
$801.96
$807.99
$814.02
$820.04
$826.07
$832.10
$838.12
$844.15
$850.18
$856.20
$862.23
$868.26
$874.29
$880.31
$886.34
$892.37
Non-Land
Production Costs
$481.38
$484.75
$488.11
$491.47
$494.84
$498.20
$501.56
$504.92
$508.29
$511.65
$515.01
$518.38
$521.74
$525.10
$528.47
$531.83
$535.19
$538.56
$541.92
$545.28
$548.65
$552.01
$555.37
$558.74
$562.10
$565.46
$568.82
$572.19
$575.55
$578.91
$582.28
$585.64
$589.00
$592.37
$595.73
$599.09
$602.46
$605.82
$609.18
$612.55
$615.91
$619.27
$622.63
$626.00
$629.36
$632.72
$636.09
$639.45
$642.81
Net Land
Return
$121.69
$124.35
$127.02
$129.68
$132.34
$135.01
$137.68
$140.34
$143.00
$145.67
$148.33
$150.99
$153.66
$156.32
$158.98
$161.65
$164.31
$166.97
$169.64
$172.31
$174.96
$177.63
$180.30
$182.95
$185.62
$188.29
$190.95
$193.61
$196.28
$198.94
$201.60
$204.27
$206.94
$209.59
$212.26
$214.93
$217.58
$220.25
$222.92
$225.57
$228.24
$230.91
$233.57
$236.23
$238.90
$241.57
$244.22
$246.89
$249.56
Agricultural
Economic Value
$2,668.64
$2,726.97
$2,785.53
$2,843.86
$2,902.19
$2,960.75
$3,019.30
$3,077.63
$3,135.96
$3,194.52
$3,252.85
$3,311.18
$3,369.74
$3,428.07
$3,486.40
$3,544.96
$3,603.29
$3,661.62
$3,720.18
$3,778.73
$3,836.84
$3,895.39
$3,953.95
$4,012.06
$4,070.61
$4,129.17
$4,187.50
$4,245.83
$4,304.39
$4,362.72
$4,421.05
$4,479.61
$4,538.16
$4,596.27
$4,654.82
$4,713.38
$4,771.49
$4,830.04
$4,888.60
$4,946.71
$5,005.26
$5,063.82
$5,122.15
$5,180.48
$5,239.04
$5,297.59
$5,355.70
$5,414.25
$5,472.81
Equalized
Assessed Value
$889.60
$909.00
$928.50
$948.00
$967.40
$986.90
$1,006.40
$1,025.90
$1,045.30
$1,064.80
$1,084.30
$1,103.70
$1,123.20
$1,142.70
$1,162.20
$1,181.60
$1,201.10
$1,220.60
$1,240.10
$1,259.50
$1,279.00
$1,298.50
$1,317.90
$1,337.40
$1,356.90
$1,376.40
$1,395.80
$1,415.30
$1,434.80
$1,454.20
$1,473.70
$1,493.20
$1,512.70
$1,532.10
$1,551.60
$1,571.10
$1,590.60
$1,610.00
$1,629.50
$1,649.00
$1,668.40
$1,687.90
$1,707.40
$1,726.90
$1,746.30
$1,765.80
$1,785.30
$1,804.70
$1,824.20
* 2017
Certified
Value
$76.50
$78.11
$79.72
$81.39
$83.07
$84.68
$86.18
$92.38
$98.78
$105.19
$111.59
$118.00
$124.41
$130.81
$137.21
$143.61
$150.00
$157.11
$166.79
$177.03
$187.56
$198.19
$207.91
$216.19
$224.58
$232.90
$240.39
$247.74
$255.17
$264.56
$275.04
$285.70
$296.56
$307.55
$318.77
$330.14
$341.65
$353.38
$371.49
$418.24
$462.52
$477.69
$499.53
$546.93
$595.64
$645.68
$666.74
$686.85
$707.18
The 5-year capitalization rate is 4.56% percent.
10% Increase of 2016 certified value at PI 111 IS $24.05
*These values reflect the statutory changes to 35 ILCS 200/10-115(e) under Public Act 98-0109.
*Farmland values are as certified by the Farmland Assessment Technical Advisory Board. Any differences in
calculations are due to rounding at different stages of calculations.