Nolan and Sadie own a very successful Cajun restaurant. They recently built their own building and own all of the decorations in the restaurant, along with the equipment needed to run the business. They will pay real property taxes on the building and land and personal property taxes on the decorations and equipment.

Question

Quizplus · Accepted Answer

Real property tax is a tax on real estate owned by individuals and businesses and personal property tax includes taxes on any movable property such as equipment that is owned by the business.

Nolan and Sadie Own a Very Successful Cajun Restaurant