What term refers to the taxable location of personal property?

The correct term for the taxable location of personal property is "situs." In the context of property taxation, situs refers specifically to the place where property is considered to be located for legal purposes, which directly influences how it is taxed.

For personal property, situs can depend on various factors such as the physical location of the property or where the owner resides. This determines which jurisdiction has the authority to assess and collect taxes on that personal property. Understanding situs is important for appraisers and tax assessors, as it impacts property taxes and how they are administered.

The other terms do not specifically refer to the taxable location. "Value zone" and "locational value" might involve concepts of property worth in relation to location, but they don’t capture the idea of where property is taxable. "Assessment area" refers to a region designated for property assessment purposes but isn't directly tied to the taxable nature of personal property like situs is. Hence, recognizing the significance of situs is crucial for anyone involved in real property appraisal and taxation.