Physical property

Definition and stakes

Various,  Popular Science Monthly (1898)

“ A more rational conception of the exact nature of property, or rather of what property consists, would, however, seem to lead to this conclusion, namely, that property, at least for the purpose of taxation, is always a physical actuality, with inhering rights or titles, the product solely of labor, and is always measured in respect to value and for exchange by labor. ”
Source: Wikisource

Henry Earle Riggs,  The Valuation of Public Service Corporation Property

“ In the case of a property having a negative intangible value, a deduction should be made from the physical value."
187This division is convenient but arbitrary. It is the division of an engineer rather than of an economist; for these so-called non-physical values are like the breath of a man's life; without them, the physical value is like the discarded body.
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Source: Gutenberg

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