Are all property types eligible for the limit to increases in market value?
No, the limit to increases in the assessor’s estimated market value only applies to certain properties. They are identified by their property tax classification as agricultural and residential homestead or non-homestead properties, non-commercial seasonal recreational properties, and timberland. This limitation does not apply to properties classified as commercial and industrial, seasonal recreational residential commercial, public utilities, apartments, student housing, manufactured home parks, and non-profit community service oriented organizations.
