What is Personal Property?

Personal Property is generally those items not permanently affixed to real estate.

There are three categories of taxable personal properties: (1) Business and professional fixtures, furnishings, machinery, and inventory, (2) personal property of public utilities, and (3) household furnishings in property other than the principal residence. Every year prior to March 1st, all persons subject to taxation must submit a list of all their personal property which is not exempt from taxation on a form known as the Form of List.