personal property

noun

|Updated on: 10 Jul 2018

Examples: personal property in a Sentence

Definition of personal property

: property other than real property consisting of things temporary or movable : chattels

Examples of personal property in a Sentence

any personal property that is left in the lockers overnight will be impounded

Recent Examples of personal property from the Web

Grants may also be available for repairing or replacing damaged or destroy personal property and medical and dental expenses.

— anna beahm, AL.com, "Need disaster assistance? Here's how to register," 30 Apr. 2018
Business personal property and some real property accounts may have later protest deadlines.

— staff report, Houston Chronicle, "Protest deadline is May 15 for property in Harris County," 24 Apr. 2018
Bexar County has seized 17 vehicles from the company to collect on about $294,000 in personal property taxes owed from 2015 to 2017.

— patrick danner, San Antonio Express-News, "Seized double-decker buses headed to auction," 21 June 2018
Nash's criminal record includes convictions for stealing personal property in 1993 and forgery in 2000, and a court-martial in 1996 for distributing drugs, the affidavit said.

— alex demarban, Anchorage Daily News, "Anchorage bank robber wrote his name and birthdate on back of hold-up note, FBI says," 24 May 2018
The heroin was found on Spencer’s personal property, Chitwood said.

— raisa habersham, ajc, "Georgia high school teacher, coach accused of having heroin on campus," 25 Apr. 2018
Require payment to examine the vehicle or remove personal property.

— rebekah l. sanders, azcentral, "10 things towing companies can't do under new Arizona law," 18 Apr. 2018
Raúl Castro created the idea of personal property, which led to a rudimentary real estate market, car sales, and even a Cuban version of eBay.

— alan gomez, USA TODAY, "Raúl Castro: 5 things to know about departing Cuba president," 18 Apr. 2018
The vehicles were seized by the county as part of ongoing efforts to recoup about $294,000 in unpaid personal property taxes from 2015 to 2017.

— patrick danner, San Antonio Express-News, "Bexar County seizes double-decker buses from San Antonio tour operator," 8 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'personal property.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of personal property

1833

in the meaning defined above

See Words from the same year

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personal property Synonyms

Financial Definition of PERSONAL PROPERTY

personal property

noun

What It Is

Personal property is a class of property that can be moved from one location to another.

How It Works

Generally, real property is a class of property that cannot be moved. It includes land and buildings, for example. Personal property typically includes furniture, fixtures, tools, vehicles, and machinery and equipment. All of these items can be moved.

Why It Matters

Many states impose a personal property tax on individual and business personal property. These personal property taxes are particularly important to consider, especially when comparing state corporate tax rates. Some states offset their low corporate tax rates and even low real estate tax rates with higher personal property taxes. As a result, it is important to consider the whole tax bill when evaluating state tax rates.

Source: Investing Answers