TOTAL = Total of All Arable, Non-arable, and Waste Land
The total fair value of the agricultural land parcel which includes the total fair value of all arable agricultural land, non arable agricultural land, and waste land. The rounded fair value of the example is $25,000.
Rounding Rules For Fair Value:
- between $1 and $5,000 the fair value is rounded down to the nearest $100
- between $5,001 and $10,000 the value will be rounded down to the nearest $500
- greater than $10,000 the value is rounded down to the nearest $1,000
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