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In legal terms, '''Personal property''' is anything a person owns other than [[real estate]]. [[Category:Legal Terms]]
In legal terms, '''personal property''' is anything a person owns other than [[real estate]].
[[Category:Retirement]]
Personal property may be physically attached to real estate, but it cannot be a type of property that would result in the real estate being useless. For example, a window air conditioner is considered personal property (as it may be removed without significant damage to the house), but a central HVAC unit would not be considered personal property.
[[Category:Survivalism]]
Depending on the jurisdiction, personal property may or may not be subject to [[property tax]] (generally business personal property is, while individual personal property may not be except for a large item such as a vehicle).
[[Category:Legal Terms]]
[[Category:Real Estate]]