Taxable Personal Property
Select a Topic
- Property Tax Fundamentals
- Property Tax Rates
- Tax Limits and Truth in Taxation
- Taxable Personal Property
- Real Estate Transfer Charges
- Legal Definition of Real and Personal Property
- Assessment Administration
- The Property Tax Base
- Property Tax Classification
- Tax Base by Property Type
- Property Tax Relief and Incentive Programs
- Incentives for Economic Development
- Incentives for Specific Property Improvements
- Preferential Property Tax Programs
- Residential Property Tax Relief Programs
- Tax Treatment of Agricultural Property
- State-by-State Property Tax in Detail
- Property Tax in Detail
A general definition of personal property is property that is not attached to the land and can therefore be moved from place to place. Some states use other terms for personal property, such as personal effects, movable property, and goods and chattel. The tax status and legal definitions of personal property vary considerably from state to state. As a result, and so that meaningful detail can be presented, only the four categories of property most typically considered personal...
A general definition of personal property is property that is not attached to the land and can therefore be moved from place to place. Some states use other terms for personal property, such as personal effects, movable property, and goods and chattel. The tax status and legal definitions of personal property vary considerably from state to state. As a result, and so that meaningful detail can be presented, only the four categories of property most typically considered personal property are examined. These are mobile homes, inventory, machinery and equipment, and motor vehicles. For taxation purposes, states variously consider these four types to be real property, personal property, or possibly both, and the table’s content reflects this variety.