A class 3a industrial property includes properties used for manufacturing, warehouses, and distribution facilities. Class 3a industrial property has a class rate of 1.50% for the first $150,000 of taxable market value and 2.00% for the remaining market value. Industrial property over $100,000 is subject to the state general tax.
In the case of contiguous parcels of property owned by the same person or entity, only one first-tier class rate applies to the contiguous parcels. If the contiguous parcels contain separate businesses operated by the owner in separate structures, then the separate businesses may qualify for separate first tiers.