What types of property must be rendered?
For taxation purposes, there are two basic types of property: real property (land, buildings, and other items attached to land) and personal property (items that can be owned but are not permanently attached to the land or building). You are required by state law to render personal property that is used in a business or used to produce income. This property includes furniture and fixtures, equipment, machinery, computers, inventory held for sale or rental, raw materials, finished goods, and work in process. You are not required to render intangible personal property (items that can be owned but do not have a physical form) such as cash, accounts receivable, goodwill, application computer software, and other similar items. If your organization has previously qualified for an exemption that applies to personal property, for example, a religious or charitable organization exemption, you are not required to render the exempt property.