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The difference between personal property and real property is that personal property can depreciate faster than improvement made on real property.

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11y ago

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Are Fructus Industriales real property or personal property?

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Is your house real or personal property?

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If a fixture is permanently affixed to real property is it the personal property of the owner?

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 .


Is a 1990 Ford Mustang real property or personal property?

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An airplane is considered personal property.


What are the laws on property abandonement?

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Personal property that is included with real estate is called?

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Does millage apply to real estate taxes or just personal property taxes?

Under most all tax systems (I'm sure there are exceptions), the millage unit is used for determining taxes of all types of property, real or personal. It may be a different amount for any particular type of property to another...even Commercial Real Estate to Industrial or Residential....or personal property where Cars compared to household may have a different rate. Millage: A tax rate on property, expressed in mills per dollar of value of the property.


Is a brokerage account real property or personal property?

A brokerage account is considered personal property, not real property. Personal property refers to movable assets that are not attached to land or buildings, while real property pertains to land and anything permanently affixed to it. The securities and cash held within a brokerage account are classified as personal property because they can be bought, sold, or transferred independently of real estate.


Real property can become personal property by?

Real property cannot become personal property except in very particular situations. See related question link below.


Personal property that is permanently affixed to real property is called what?

Related personal property, and if it's indeed permanently affixed to the realty it becomes part of the real property interest.