What type of property is a garage classified as?

A garage is classified as real estate because it is a permanent structure that is typically attached to a residential property or land. Unlike personal property, which includes movable items and can be easily removed from a location, real estate encompasses buildings and structures that are not intended to be moved. The classification of a garage as real estate aligns with its function as part of a property’s overall value, serving a specific purpose related to the property it is associated with.

While commercial property can include garages that serve businesses, the classification of a garage generally aligns more closely with real estate unless specified otherwise. Tangible property refers to physical assets but is broader than real estate, encompassing various forms of personal and real property. Therefore, the most accurate classification for a garage in the context of property is real estate.