What Is Personal Property?
"The salient characteristic of personal property is its movability without damage, either to itself or to the
real estate to which it is attached." Personal property becomes real property only if it is affixed in such a way
that it loses it's original physical character and cannot practically be restored to it's original
condition.
Personal property may be leased, loaned, rented, consigned, or owned. The basic categories of personal property are
generally: furniture, fixtures, plant equipment, office equipment, machinery, boats, motors, and trailers, aircraft,
mobile homes and recreational vehicles.
Oil and gas wells are also considered personal property and a rendition must be turned in by the operator each
year.
