Tax Limited To Real Property
Only certain property can be specially assessed. The "property" to be assessed must be real estate as opposed to "personalty". Personalty is a taxation term which means personal property. Examples of personal property include the machinery, equipment, furniture and fixtures which a person or corporate entity may own.
Read more about this topic: Special Assessment Tax
Famous quotes containing the words tax, limited, real and/or property:
“In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.”
—Alexis de Tocqueville (1805–1859)
“Psychology has nothing to say about what women are really like, what they need and what they want, essentially because psychology does not know.... this failure is not limited to women; rather, the kind of psychology that has addressed itself to how people act and who they are has failed to understand in the first place why people act the way they do, and certainly failed to understand what might make them act differently.”
—Naomi Weisstein, U.S. psychologist, feminist, and author. Psychology Constructs the Female (1969)
“The fear of death is indeed the pretence of wisdom, and not real wisdom, being the appearance of knowing the unknown.”
—Plato (c. 427–347 B.C.)
“The rights and interests of the laboring man will be protected and cared for, not by the labor agitators, but by the Christian men to whom God in His infinite wisdom has given control of the property interests of the country.”
—George Baer (1842–1914)