To put it simply, real property is land, anything under the land, anything permanently attached to it, and the bundle of rights that are appurtenant to it. Personal property generally refers to everything else: the items which are movable and not a part of the land.
Personal property can be tangible or 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.
business plans
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.
Personal Property
Real Property
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.
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 .
Real property is land and anything attached to it that cannot be severed without injury to the land such as homes, garages and other buildings. Personal property is any movable or intangible thing that is subject to ownership and is not considered real property. Building materials stored on a building lot would be personal property. Once the house is built it becomes part of the real property. Fixtures in a building sit on the line between real and personal property. You can read more about that distinction at the link below.
Personal, real is limited to real estate only
Personal Property is property that is not real property nor property that is attached to the land.
An airplane is considered personal property.
Real property or personal property?