What kinds of property are taxable?
Under Washington state law, two types of property can be assessed and taxed: • Real property (real estate) which is land, improvements attached to the land (buildings, etc.) and improvements to the land (driveways, bulkheads, etc.) • Personal property means assets used in the operation of a business such as: machinery, equipment, signs, furniture, fixtures and supplies consumed in the operation of a commercial, industrial or agricultural enterprise. Privately owned vehicles, household goods, furniture and personal effects typically are not subject to property tax. Floating homes also are valued as personal property. Mobile homes are valued as personal property when they are located on leased land. Otherwise, they are valued as real property.
