Which of the following types of property sold at auction is considered tax exempt?

Real property is considered tax exempt in certain circumstances, particularly when it comes to property that has been designated as agricultural or used for certain qualified purposes. In Texas, properties that meet specific criteria might be exempt from certain taxes, which is why real property falls under this category.

In addition, real property includes land and any structures on it, which can sometimes come with specific tax exemptions, especially for agricultural use or for properties held by qualifying organizations, like certain non-profits. Understanding this exemption is crucial for auctioneers and bidders alike, as it can significantly affect the financial implications of buying real estate at auction.

On the other hand, stock shares, artwork, and personal loans typically do not benefit from tax-exempt status. Stock shares are subject to capital gains tax upon sale, artwork may be subject to sales tax, and personal loans are not classified as property but rather as financial assets, which do not carry any type of tax exemption in the context of property sold at auction. Thus, real property is the correct focus when discussing tax exempt property in auctions.