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:
“As a Tax-Paying Citizen of the United States I am entitled to a voice in Governmental affairs.... Having paid this unlawful Tax under written Protest for forty years, I am entitled to receive from the Treasury of “Uncle Sam” the full amount of both Principal and Interest.”
—Susan Pecker Fowler (1823–1911)
“The world of the egotist is, inevitably, a narrow world, and the boundaries of self are limited to the close horizon of personality.... But, within this horizon, there is room for many attributes that are excellent....”
—Ellen Glasgow (1873–1945)
“No ... the real American has not yet arrived. He is only in the Crucible, I tell you—he will be the fusion of all races, perhaps the coming superman.”
—Israel Zangwill (1864–1926)
“A lawyer’s dream of Heaven: Every man reclaimed his own property at the resurrection, and each tried to recover it from all his forefathers.”
—Samuel Butler (1835–1902)