Which category is covered by Tax Class 4 (TC 4)?

Tax Class 4 (TC 4) is specifically designated for properties that fall into the "All other real property" category, which typically includes factories, stores, and commercial properties. This classification is important for taxation purposes, as it helps the city delineate between various types of real estate to ensure appropriate tax assessments and collection processes are applied based on the property’s use.

In contrast, properties that fit within the other categories, such as one to three-unit residential properties or utilities, are not classified under Tax Class 4. One to three-unit residential properties fall under a different tax class, focusing primarily on smaller residential housing. Utility company equipment is also categorized separately due to its unique nature and the specific regulations governing tax assessments for utility infrastructure. Tax Class 4 is thus focused on larger-scale commercial enterprises, which exhibit different economic characteristics from residential or utility classifications.