Types of properties in terms of tax base

Answer 1

The types of properties in terms of tax base are:

1. Real Property: This includes land, buildings, and other structures that are permanently attached to the land.

2. Personal Property: This includes movable items such as furniture, vehicles, boats, and other items that are not permanently attached to the land.

3. Intangible Property: This includes intellectual property such as patents, copyrights, and trademarks.

4. Natural Resources: This includes minerals, timber, and other resources found in nature.

5. Business Property: This includes business equipment, inventory, and other assets used in the operation of a business.