If your payment is late , a penalty interest is added to the tax amount. Real Property is considered to be permanently fixed in nature such as land, interest in the land, and improvements on the land. Improvements are all structures, buildings, fixtures, fences, and water rights attached to the land. Fixtures are items that were once movable chattels but have become physically incorporated in a building or affixed to land. Fixtures does not include machinery, equipment or other articles related to a commercial or industrial operation that are affixed to the real property for property utilization.
Leasehold improvements are additions or remodeling permanently made by a lessee.
These are considered fixtures and valued as real property. Mines, quarries, and minerals are real property including all rights and privileges connected with mines and quarries in and under the land and the minerals connected with it. Personal Property is everything that is not included under the term real property, typically, portable or movable items. Tangible personal property are physical objects such as equipment, furniture, drapes, and free-standing appliances. Taxable all personal property is taxable unless it is specifically exempt by law.