Real Property
The physical land and appurtenances affixed to the land, e.g., structures. The term “land”, “real estate”, “realty” and “real property” are often used interchangeably.
Tangible Personal Property
Items other than real estate that is used in a business or rental properties. It includes such assets as furniture, computers, tools, machinery, signs, equipment, leasehold improvements, supplies and leased equipment.
Minerals
Although considered real property are mentioned separately due to the oil fields in Jay and the Blackjack Creek Field. Mineral rights and working interests are taxable.
Centrally Assessed Properties
Commonly thought of as railroads, are appraised by the Department of Revenue.
Mobile Homes & Manufactured Homes
When permanently in place with a real property (RP) designation.