What Is Classification?

What is classification?

Real estate parcels are annually assigned a property classification by the assessor. This classification is to be consistent with the primary use of the property. There are five main classifications of property in Iowa. These classes are agricultural, residential, multi-residential, commercial, and industrial. Also, any parcel that has both multi-residential and either a commercial or a industrial classification will be considered to be a “dual classed” property. ¬†Classification may not necessarily be the same as the zoning of the property.