Due to the limitation of agricultural land, excessive demand for land and inflation, the values of agricultural lands vary according to regions, locations, and types of lands. The Income Capitalization Approach is commonly used for the valuation of agricultural lands. According to this approach, firstly the factors affecting the value of the land are examined, then the annual average net income (rent) of the land, and the valid capitalization interest rate in the region should be investigated. In this study, usable capitalization rates for property field lands in Mecitözü district of Çorum province were determined considering the types of lands. The data used in the study were collected from a stratified sample of 66 farm operations in the region, using a questionnaire filled during face-to-face interviews with farmers. Data were collected in the 2017-2018 production year period. It was determined by this study that 94.37% of the farms were operated by farmers who owned the land (own property), 3.38% by tenancy, and 2.25% by shared cropping system. Of the total agricultural land 25.64% was irrigated and 74.36% rain-fed land. According to the results of this study, the usable capitalization rate for the lands operated as property fields was 4.76% for irrigated fields, and 5.37% for rain-fed fields. These ratios are recommended to be used for land valuation and expropriation practices carried out in the region.