What is included in real property?

Real property encompasses both land and any permanent structures attached to it, such as buildings. This definition is broad and includes not only the physical land itself but also any improvements made to that land, which typically involve construction and development.

Land on its own is classified as a basic component of real property, while buildings represent the man-made structures that also fall under this category. Permanent fixtures that are constructed or installed on the land are included, which can cover a variety of other items as well, such as fences, roads, and landscaping features that enhance the real estate.

This comprehensive understanding of real property is crucial for tax assessment, ownership rights, and various legal purposes since it defines what is considered part of the property in real estate transactions. Thus, the inclusion of both land and buildings provides a complete interpretation of real property and its implications in tax and legal contexts.