Found 1 blog entry tagged as Difference Between Property and Real Estate.

There are two types of real estate. Property is the physical thing and real estate is a larger concept covering all land. Both can be called real estate. The difference between these two terms is where they are located, which one is based on location and which one is a misnomer? Property is an asset, while real estate is a financial investment.

The difference between property and real estate is reflected in the two different types of tax treatment that are available for each type of asset.

Property tax: A property's value is determined by the municipal government, which typically charges property taxes based on fair market value. Property taxes are generally levied on owners, not tenants.

Real estate: Real estate investment trusts (REITs),…

512 Views, 0 Comments

Read Full Post