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Personal property

Personal property includes all movable and tangible things that are not real property—such as money, goods, furniture, motor vehicles, animals, stocks, bonds, patents, copyrights, merchandise, and personal annuities.

In Alabama, personal property is defined as property that is not fixed permanently to one location and can be moved. This includes items such as money, goods, furniture, motor vehicles, animals, and various types of intangible assets like stocks, bonds, patents, copyrights, and personal annuities. Personal property is subject to personal property tax, which is assessed by the county in which the property is located. The Alabama Department of Revenue oversees the regulation and taxation of personal property. Unlike real property (real estate), which involves a more complex system of recording and transfer, personal property is generally transferred through simple delivery and, in the case of intangible property, by assigning rights. However, certain types of personal property, such as motor vehicles, require formal titles and registration with the state. Additionally, personal property can be subject to security interests, which must be properly filed to be enforceable against third parties.

Legal Articles

State Statutes

consumer goods

express warranties in leases of goods express warranties in sales of goods

implied warranties in leases of goods implied warranty in repairs

repossession of property

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Personal property

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Alabama State Code

Alabama State Code

Personal property

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