definition
Any property that is movable; that is, not real estate.
definition
The property that goes to the executor or administrator of the deceased, as distinguished from the realty, which goes to the heirs.
definition
The state of being a person; personality.
The chief sources of revenue are taxes on realty, personalty and corporations, a poll-tax, and licences.
The city's tax valuation in 1907 was $1,313,471,556 (in 1822, $42,140,200; in 1850, $180,000,500), of which only $242,606,856 represented personalty; although in the judgment of the city board of trade such property cannot by any possibility be inferior in value to realty.
The assessed valuation of realty and personalty for 1920-I was $777,500,000.
Louis took the equivalent of 25% of the assessed value of the city's realty and personalty.
The constitution requires that a voter must (in addition to other qualifications) either be able to show conclusively ability to read and write, or be the owner of property within the state assessed at not less than $300, on which, if personalty, all taxes are paid.
The assessed valuation of realty in the state in 1908 was $2,799,062,707 and of personalty $1,775,073,438.
Various special 2 In 1869 the personalty valuation was 60% that of realty; but it steadily fell thereafter, amounting in 1893 to 32%.
The whole body of freemen composed the General Court until other towns than Plymouth had been organized, the first of which were Scituate in 1636 and Duxbury in 1637, and then the representative form of government was adopted and there was a gradual differentiation between Plymouth the town and Plymouth the 1882 the assessment of realty increased nearly twelve times as much as personalty.
In the intervening period the assessed valuation of realty in Boston increased more than 100%, while that of personalty slightly diminished (the corresponding figures for the entire United States from 1860 to 1890 being 172% and 12%), yet the most competent business and expert opinions regarded the true value of personalty as at least equal to and most likely twice as great as that of realty.
The census estimate of the true value of property constituting the national wealth was limited in an enumeration of 1850 to taxable realty and privately held personalty; in 1900 it covered also exempt realty, government land, and corporation and ptiblic personalty.
The revenues of the several states, and of minor governmental areas within them, are mainly derived from a general property tax, laid directly upon realty and personalty.
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