Property Resource
A list of types of residential and residential lease properties (e.g., Single-Family Residence, Condominium, Townhouse) or a list of subtypes for mobile (e.g., Manufactured Home, Manufactured On...8/25/2023| Standard Value | Definition | Usage |
|---|---|---|
| Agriculture | The property is for farming and agricultural activities. | 25% |
| Apartment | A unit within a wholly owned structure of five or more units. This may not be used for Residential or Residential Income. For Residential, use Condo.... | 54% |
| Boat Slip | A place where you can tie up a boat or houseboat. | 3% |
| Business | The property is designed for any type of business. | 45% |
| Cabin | A single-family residence that may have limited utilities. | 8% |
| Co-Ownership | Co-ownership indicates that the property is owned by two or more parties in which each party has an equal ownership interest and obtains ownership at... | 1% |
| Condominium | A unit within a structure where ownership is on a unit-by-unit basis. | 79% |
| Deeded Parking | A parking space (or spaces) that are owned and separate from a residence. | 1% |
| Duplex | A multifamily structure that has two independent units with a shared wall or ceiling/floor. | 68% |
| Farm | A place where agricultural and similar activities take place, especially the growing of crops. | 47% |
| Hotel/Motel | The property is designed for hotel or motel use. | 11% |
| Industrial | The property is designed for industrial use. | 63% |
| Manufactured Home | A factory-built house that is transported to the lot. | 30% |
| Manufactured On Land | A factory-built house that is transported to the lot and sold with the land. The property may or may not have a 433a certification. | 6% |
| Mixed Use | The property is designed to be used in more than one way (i.e., office and retail). | 18% |
| Mobile Home | A factory-built house that is transported to the lot, retains axles and was built prior to June 15, 1976. | 36% |
| Mobile Home Park | A permanent area for a group of mobile homes, usually with fixed utilities. | 8% |
| Multi Family | A structure or complex with five or more units that are individual dwellings. | 41% |
| Office | The property is designed to be used as office space. | 53% |
| Own Your Own | A unit within a structure where ownership is based on a partial deed and rights to occupy a unit. | 1% |
| Quadruplex | A multifamily structure with four independent units with shared walls or ceilings/floors. | 45% |
| Ranch | A place where agricultural and similar activities take place, especially the raising of livestock. | 15% |
| Retail | The property designed to be used as retail space. | 50% |
| Single Family Residence | A single family residence on real property. | 56% |
| Stock Cooperative | A unit within a structure where ownership is based on a share of stock and rights to occupy a unit. | 10% |
| Tenancy in Common | Tenancy in Common (TIC) indicates that the property is owned by two or more parties in which each party has an ownership interest, which may or may... | 1% |
| Timeshare | A form of property ownership where a property is held by a number of people, each with the right of possession for a specified time interval. | 10% |
| Townhouse | A dwelling unit generally having two or more floors and attached to other similar units via party walls. | 60% |
| Triplex | A multifamily structure with three independent units with shared walls or ceilings/floors. | 48% |
| Unimproved Land | Commercial land that has not been built upon or improved. | 38% |
| Warehouse | The property is designed to be used for warehousing. | 34% |