Search results
Results from the WOW.Com Content Network
Personal property, or possessions, includes "items intended for personal use" (e.g., one's toothbrush, clothes, and vehicles, and rarely, money). The owner has a distributive right to exclude others (i.e. the right to command a "fair share" of personal property).
Personal property taxes apply to vehicles and other movable possessions like your boat, livestock, trailers and farm equipment. The most common type of taxable personal property is your car or ...
Sep. 2—Gov. Jim Justice said Thursday placing the fate of the local vehicle personal property tax in the hands of legislators, which is included in Amendment 2 on the November ballot, was "bait ...
Ownership of the vehicle (if a secured financial asset) may be checked through the Personal Property Securities Register of the federal government, though this is not a mandatory register. [5] Often some proof of entitlement by the state or territory agency, this document can be used as a secondary identity document of the operator.
However, some property, despite being physical in nature, is classified in many legal systems as intangible property rather than tangible property because the rights associated with the physical item are of far greater significance than the physical properties. Principally, these are documentary intangibles.
The legislation changing the way Missouri's personal property tax collections are calculated comes as lawmakers in numerous states this year are considering ways to reduce property taxes charged ...
Typically, exempt property includes a family car, and a certain amount of cash (perhaps $10,000-$20,000), or the equivalent value in personal property. Exempt property calculations and provisions are determined on a state-by-state basis.
Constructive possession can also refer to items inside of a vehicle. The owner and driver of the vehicle can be in constructive possession of all things inside their car. If a minor were driving their vehicle with passengers possessing alcohol or any illegal substance, the driver may be cited for constructive possession.