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Updated by O’Connor Associates on Jan 09, 2024
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What Is Personal Property?

Business personal property includes tangible and intangible personal property. Real estate, minerals and tangible personal property are taxed in most states. However, no state currently applies a property tax to the intangible component of personal property. Some states solely tax intangible personal property such as bonds. Learn more at https://www.poconnor.com/business-personal-property-tax-101/