Which type of property is considered movable?

Prepare for the Oregon Property Appraiser Exam. Use flashcards and multiple choice questions with hints and explanations for each question. Get ready for success!

The correct answer is a trailer, as it is classified as movable property. Unlike structures that are permanently attached to the land, such as a home or a permanent fence, a trailer is typically designed for mobility and can be transported from one location to another. This characteristic of being able to change location directly impacts its classification in property appraisal and asset management.

In contrast, landscaping plants, although they may appear movable, are considered a part of the land once planted and, therefore, are classified as real property. Similarly, a permanent fence is affixed to the land and is intended to remain in place, thus categorizing it as real property. A home is also classified as real estate because it is an integral structure built on a specific piece of land and is not meant to be moved. Therefore, the distinction of mobility is what sets the trailer apart as the correct answer.

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