What are the classes of Assessment?

• Farmland: Land used for farming operations is assessed at a Regulated Value. The current base rate for the agricultural use value of farmland is set at $350 / Acre for Dry Arable or Pasture Land and is adjusted downwards for any factors that hinder productivity (i.e., type of soil, texture of the soil’s surface and subsurface, topography, stones, any other productivity impediment).


• Non-Residential: Commercial or Industrial activity occurring on the property including land, buildings and is assessed at Market Value. Linear property, a subcategory of non-residential, includes Cable Distribution (television), electric transmission lines, telecommunication equipment, pipelines, oil and gas wells, is assessed at a Regulated Value.


• Machinery and Equipment: Any installation used in the processing or manufacturing of a product is assessed at a Regulated Value.


• Residential: Typically a residence or use of property that has not been classed as any of the above. The assessment for residential parcels including land, buildings and structures is assessed at Market Value