10-4-2.2. Personal property defined for ad valorem taxation.
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/sd/title-10/chapter-10-4/10-4-2-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Personal property for the purpose of ad valorem taxation is all property not included within the definition of real property. Tools, implements, machinery, or equipment used in the business, production, trade, processing, or manufacturing activities are personal property.