For the purpose of Assessment and Taxation, properties are classified as one or more of the following: Residential, Non-Residential, Farm land, or Machinery & Equipment based on their use as required by the MGA. The Residential Class may be divided into as many sub-classes as the municipality feels appropriate (i.e. Vacant, Multi-family, Condominium, etc). The MGA allows the Non-Residential class to be further divided into either the Vacant or Improved Non-Residential. The final two classes may not be divided into sub-classes. Tax rates must be set for each assessment class or sub-class and may differ between classes or sub-classes, with the exception of Machinery & Equipment - it must have the same rate as Non-Residential.