All property may be divided into two major categories: Real Property and Personal Property.
Real Property is generally defined as land and all things attached to the land. Interest, benefits, and rights inherent in the ownership of physical real estate.
Personal Property which consists of movable items not permanently affixed to, or part of, the real estate. This includes furniture and fixtures, machinery and equipment belonging to a business; certain public utilities; structures on leased land and other similar properties.