### Question
How does the law define personal property tax?


### Answer
Under *26 U.S.C. § 164*, **personal property tax** is defined as:

> an ad valorem tax which is imposed on an annual basis in respect of personal property

#### Citation:
  - *26 U.S.C. § 164*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

