Types of properties in terms of tax base

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  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.

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