The purposes of this handbook are to provide a comprehensive guide to standard terminology relating to property (sites, buildings, and equipment) used in education, a list of suggested data items useful in describing property, general data items useful in describing property, and general guidelines that can assist the reader in understanding and developing property information systems. It is offered as a resource for local, intermediate, state, and federal education officials to assist in the identification, organization, and definition of data and information about education property. The topics discussed include capitalization, a classification system for property information, data items, definitions, depreciation, the development of a property accounting system, equipment categories, inventories, and measures of property. A glossary is included in an appendix. (Author/IRT)