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:
“Parents are used to being made to feel guilty about...their contribution to the population problem, the school tax burden, and declining test scores. They expect to be blamed by teachers and psychologists, if not by police. And they will be blamed by the children themselves. It is hardy a wonder, then, that they withdraw into what used to be called “permissiveness” but is really neglect.”
—C. John Sommerville (20th century)
“There is, it seems to us,
At best, only a limited value
In the knowledge derived from experience....”
—T.S. (Thomas Stearns)
“Some people are so extremely whiffling and inconsiderable that they are as far from any real faults as from substantial virtues.”
—François, Duc De La Rochefoucauld (1613–1680)
“There is something that Governments care for far more than human life, and that is the security of property, and so it is through property that we shall strike the enemy.... Be militant each in your own way.... I incite this meeting to rebellion.”
—Emmeline Pankhurst (1858–1928)