Property tax may be levied on what type of property?

Property tax may be levied on both real property and personal property.

Real property, also known as real estate, includes land and any permanent structures or improvements on it, such as houses, commercial buildings, and fences.

Personal property is generally movable and can include tangible items like vehicles, boats, and business equipment. Some jurisdictions also tax intangible personal property, such as stocks or copyrights.