A property is considered _______________ if it can be moved without causing any damage or change to either the item of property or the structure to which it's attached.

Study for the IAAO Assessment Administration Specialist (AAS) exam. Engage with flashcards and multiple choice questions, each offering hints and detailed explanations. Prepare thoroughly for your certification!

A property is classified as personal if it can be moved without causing any damage or change to either the item itself or the structure to which it is attached. Personal property, also known as movable property or chattel, includes items that are not permanently affixed to a location, allowing for their relocation with ease. This characteristic is a distinguishing factor from real property, which is land and anything permanently attached to it, such as buildings or fixtures. Therefore, items like furniture, vehicles, and appliances are considered personal property because they don’t cause any structural alteration or incur damage when moved. Understanding this distinction is crucial for assessment administration as it impacts valuation and taxation approaches in real estate.

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