"The salient characteristic of personal property is its movability without damage, either to itself or to the real estate to which it is attached." Personal property becomes real property only if it is affixed in such a way that it loses its original physical character and cannot practically be restored to its original condition.
Personal property may be leased, loaned, rented, consigned, or owned. The basic categories of personal property are generally: furniture, fixtures, plant equipment, office equipment, machinery, boats, motors, and trailers, aircraft, mobile homes and recreational vehicles.
Oil and gas wells are also considered personal property and a rendition must be turned in by the operator each year.
Examples of Commercial & Individual Personal Property
Owned or Leased by a Business
- Telephone Systems
- Fax Machines
- Copy Machines
- Desks and Chairs
- Computers
- Postage Meters
- Shelving and Racks
- Plant Machinery
- Storage Tanks
- Refrigeration Units
- High Loaders
- Industrial Equipment
- Satellite Equipment
- Manufacturing equipment
- Minerals
If item is $250 or less and can work independently of other equipment, it is exempted by law.
Owned or Leased by an Individual
- Boats
- Motors
- Trailers
- Campers/Travel Trailers
- Mopeds/Dirt Bikes
- Mobile Homes
- Aircraft and Hangers
- Utility Trailers
- Three/Four Wheelers
- Golf Carts
- Jet Ski
- Web Bikes
- Vehicles Tagged 16M or More
- Snowmobiles
Automobiles and most recreational vehicles are classed and taxed at the time of registration for license plates or renewal decal.