Modifies provisions relating to the classification of certain real property

This bill (SB 699) modifies how certain real property is classified, but the provided context lacks specific details about *which* properties are affected, *how* classification would change, or *who* would be directly impacted (e.g., homeowners, businesses, specific property types). The official abstract only states it "modifies provisions relating to the classification of certain real property" without describing concrete changes. Without additional details on the proposed classification rules or mechanisms, a substantive summary cannot be provided. The bill is currently in committee review (Local Government, Elections and Pensions) after its first reading on February 12, 2025.