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 Oregon, personal property is defined as any property that is not real property (land and buildings). This includes movable and tangible items such as money, goods, furniture, motor vehicles, animals, and intellectual property rights like stocks, bonds, patents, and copyrights. Personal property can also encompass merchandise and personal annuities. Oregon law governs various aspects of personal property, including but not limited to, the sale and transfer of personal property, taxation, and the rights and responsibilities of ownership. For instance, personal property taxes are assessed on items like business equipment and machinery. The state also has specific statutes that address the treatment of personal property in various contexts, such as in cases of theft or loss, and during probate proceedings. Individuals with concerns or disputes over personal property are advised to consult with an attorney to understand their rights and obligations under Oregon law.