What are Property Class Codes used for?

Property Class Codes serve a crucial role in the assessment process by categorizing properties based on their use and characteristics. This classification helps property appraisers and tax assessors group similar types of properties together, making it easier to analyze and assess their values. By categorizing properties for assessment purposes, class codes streamline the valuation process and ensure that properties are compared fairly and consistently, which is essential for accurate tax assessment and equitable taxation.

Although property class codes interact with tax rates and exemptions, their primary purpose is focused on the categorization of properties. This distinction is significant, as it helps assessors make informed decisions about valuations and ensures that property assessments align with established criteria based on property classification.