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 Washington State, personal property is defined as any property that is not real property, which means it includes movable and tangible items that can be owned and are not permanently attached to or part of the land. This encompasses a wide range of items such as money, goods, furniture, motor vehicles, animals, and intellectual property rights like stocks, bonds, patents, and copyrights. Personal property is subject to personal property tax unless specifically exempted. The tax is administered at the county level and is based on the value of the personal property. Washington State law also provides for the classification, valuation, and assessment of personal property for tax purposes. Additionally, personal property is subject to the laws governing property transactions, including sales, gifts, leases, and inheritance.