Randolph County Assessor

Tax Class Definitions

Class I

Farm personal property only (Class I is exempt effective after the 2007 tax year, per 2006 legislative session)

Class II

• Real estate- homes lived in by the owner and actively farmed property.
• Personal property- mobile homes (the owner does not own the land and lives in the mobile home)

Class III

Situated outside any municipality-----

• Real estate- Commercial, rental, vacant (anything other than owner occupied).
• Personal property- all vehicles, campers, boats, utility trailers, atv’s Also business personal property, such as inventory, machinery and equipment.

Class IV

Situated inside a municipality-----

• Real estate- Commercial, rental, vacant (anything other than owner occupied).
• Personal property- all vehicles, campers, boats, utility trailer, atv’s Also business personal property, such as inventory, machinery and equipment.