Which item is considered a type of personal property tax?

Personal property tax refers to the tax assessed on movable assets that are not fixed to one location, contrasting with real property tax, which is levied on land and buildings. Taxes imposed on vehicles and boats fall under the category of personal property taxes, as these items are movable and not tied to real estate. This type of taxation reflects the ownership of tangible personal property, which is often assessed based on value.

In contrast, taxes on income from investments pertain to income tax rather than property tax, while taxes on luxury goods generally relate to consumption or sales tax rather than a property tax. Finally, taxes on real estate are specifically focused on land and structures, making them distinct from personal property taxes. Therefore, taxes imposed on vehicles and boats accurately represent a category of personal property tax.