There are a few differences between real property tax and personal property tax. First, the term "real" usually involves homes, apartments, or land that a person may own. Personal property tax usually refers to personal luxury items such as jewelry. Additionally, vehicles are not considered "real" property. Real property is sort of land-based property. Another example would be a farmhouse or even a bridge.
The difference between personal property and real property is that personal property can depreciate faster than improvement made on real property.
Real Estate and Real Property are one in the same. All "REAL" is Land & fixtures attached to the land. All other property would be considered...Personal.
Property is that which an individual owns. Real property is real estate, land, investment/rental properties, homes, etc. Personal property is jewelry, art, automobiles, valuable collections, cash and financial assets other than real property.
Artisans lien is against personal property and is possessory. Mechanic's lien relates to real property.
No, if it's used in the general context. For example asking someone if they paid their property taxes or their real estate taxes is essentially saying the same thing. Technically, however, there are two types of "property" real and personal. Real property is the rights to land and improvements to the land. Personal property is all property other than real property; it's not permanently attached and is, therefore, movable. Examples of personal property include business equipment and furnishings.
The difference between real and personal property is as significant as the difference between apples and oranges. Apples and oranges are both fruit but are still completely different. You can't make orange juice from apples and you can't make apple pie from oranges. Real property is the land and anything attached to it. Ownership of real property is a matter of public record and that record is maintained in various land records systems used in jurisdictions that allow private ownership of real property. Personal property is anything you own other than real property and is divided into two categories: tangible and intangible. Tangible personal property is something you can touch and is movable. Intangible personal property is property that has no physical existence. Examples are: stocks, bonds, bank notes, trade secrets, patents, copyrights, professional reputation, goodwill and trademarks. Some "untouchable" items may be represented by a certificate or license.
You have that difference correctly stated.
Typically a mortgage is a loan secured by real property (land!) and collateral is personal property (jewels, bonds, valuables, etc.) used to secure a loan.
They have the same meaning.
Personal Property
Real Property
anything afixed to land is real property . personal property is that ,that is moveable such as a fridge or stove since they are pluged into a socket and are movable they are considered personal property .