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
The personal property tax rate should remain the same at $1.70 per $100, and water and sewer rates should not change, either, according to Jack.
Beginning in 2018, there's a new $10,000 cap on deductions for a combined amount for personal property, real estate and state and local income taxes.
Zions Bank is the biggest creditor, with $1.7 million in claims secured by Boise Gun’s real and personal property.
The claims include $388 million for residential personal property, $27.2 million for commercial property and $6.7 million for auto and other lines of insurance.
Indiana could dramatically reduce the length of time law enforcement officials hold onto alleged criminals' seized personal property.
The cuts in state funding began when Ohio started a gradual phase-out of tangible personal property tax reimbursements to local school districts.
Here is a snapshot of Mr. Dell’s personal properties.
Participants can provide up to 136 hours of service to the town in exchange for a reduction in personal property taxes.
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.
personal property Synonyms
Financial Definition of PERSONAL PROPERTY
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.
Seen and Heard
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