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Today's Real Estate Definitions

:

TAX EXEMPTION - Freedom from payment of property or other taxes, granted to religious, educational, and similar organizations. Partial property tax exemptions are granted in some states to individuals, such as veterans and senior citizens.


PERSONAL PROPERTY - Any property which is not designated by law as "real" property or "real estate."

Today's Quote

Why don't you write books people can read? - Nora Joyce to her husband James (1882-1941)

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