Real property shall be assessed based on what type of classification?

The assessment of real property within a local government unit is grounded in a general classification system. This approach allows for a broad categorization of properties, taking into consideration various factors such as usage, location, and structural characteristics, while ensuring the classification is adaptable to the diverse types of properties found within the jurisdiction.

Using a general classification enables local government units to have the flexibility needed to accommodate different property types and to apply relevant tax rates or assessment criteria accordingly. This method not only ensures fairness in the assessment process but also empowers local authorities to make informed decisions based on the unique characteristics of their communities. In contrast, other approaches mentioned do not provide the same level of adaptability or specificity necessary for effective local governance and assessment practices.