What are the two classes of property in Georgia?

In Georgia, the two classes of property are classified as real and personal. Real property refers to land and anything permanently attached to it, such as buildings and fixtures. Personal property, on the other hand, includes movable items, such as vehicles, furniture, and equipment, which are not permanently affixed to land.

This classification is significant in various areas including taxation, legal ownership, and property transactions. Understanding the distinction helps in accurately assessing property values and adhering to legal requirements in property management and development.

The other classifications, while relevant in different contexts, do not accurately reflect the primary legal distinction found in Georgia property law. For instance, the terms tangible and intangible refer to the nature of property and ownership rights but do not encompass the broader legal definitions found within Georgia's property classification system.