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Property and possessions that have value typically include real estate, vehicles, jewelry, artwork, and financial assets such as stocks and bonds. These items can be tangible or intangible, with tangible assets being physical objects and intangible assets representing ownership rights or intellectual property. Their value can be assessed based on market demand, condition, and potential for appreciation. Overall, they are significant as they contribute to an individual or entity's wealth and financial stability.

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1mo ago

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What type of tax is figured at a percent of the value that an assessor places on property or personal possessions?

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