What type of property are industrial and commercial parcels generally considered?

Industrial and commercial parcels are generally classified as non-homestead property. This designation reflects the nature of the property, as non-homestead properties typically include commercial, industrial, and agricultural lands that are not primarily used for residential living. Unlike homestead properties, which are tied to primary residences and often receive certain tax benefits and protections, non-homestead properties are primarily utilized for business or industrial purposes.

This classification is significant because it can affect zoning regulations, tax assessments, and the overall treatment of the property under various laws. Non-homestead properties generally do not receive the same protections from taxation increases that homestead properties do, and understanding this distinction is crucial for real estate transactions and investment analyses.