Land and Improvement Valuation are broken down into four main category’s using letters for classification. The letter codes are as follows:
G …… Lands subject to General Property Taxes
P …… Public Lands subject to School Taxes only
W …... Private Forest Crop, and Managed Forest Lands
X …… Lands Exempt from paying General Property Taxes
Within these four main category’s, there are specific numbered property classifications. These numbered classes are uniform statewide and appear in every Assessment Roll and can include land only or land and improvements:
CLASS G 1 = Residential
2 = Commercial
3 = Manufacturing (Assessed by State Department of Revenue)
4 = Agricultural
5 = Undeveloped
5m= Agricultural Forest
6 = Productive Forest Lands
7 = Other (Ag buildings/sites)
CLASS P 1 = State Statutes Chapter 70.114
2 = State Statutes Chapter 70.116
3 = State Statutes Chapter 70.117
4 = State Statutes Chapter 70.175
CLASS W 1 = Private Forest Crop 1928-1971 ($.10/acre)
2 = Private Forest Crop 1972-1986 ($1.66/acre)
3 = Private Forest Crop Special 1949-1963 ($.20/acre)
5 = Managed Forest entered after 2004 (open to public $1.67acre)
6 = Managed Forest entered after 2004 (closed to public $8.34acre)
7 = Managed Forest Land (open to public $.67/acre)
8 = Managed Forest Land (closed to public $1.57/acre)
CLASS X 1 = Federal Lands
2 = State Lands
3 = County Lands
4 = Other i.e. - churches, schools, municipal, roads