What kind of property are buildings?

Buildings are categorized as real property, encompassing land and any permanent structures affixed to it. real estate comprises:

Residential Property – Houses, flats, and condos.

Commercial Property – Office complexes, retail parks, and hospitality venues.

Industrial Property – Production facilities, storerooms, and factories.

Institutional Property – Educational facilities, medical facilities, and public sector buildings.

Buildings, being permanently affixed to land and unable to be moved, are categorized as real estate and thus liable for real estate taxes.