Tangible Personal Property Tax
Tangible Personal Property is everything other than real estate that has value by itself. It includes items such as furniture, fixtures, tools, machinery, household appliances, signs, equipment, leasehold improvements, supplies, leased equipment and any other equipment used in a business or to earn income.
Q: Who must file?
A: Anyone in possession of assets on January 1, who has a proprietorship, partnership, corporation, or is a self-employed agent or contractor, must file each year. Property owners who lease, lend, or rent property must also file a return.
In 2008, Florida Voters amended the State Constitution to provide an exemption of up to $25,000 of Personal Property for each owner. Every Property Owner must file in order to receive the $25,000 exemption and property owners with assets valued less than $25,000 must file once so that the Property Appraiser can determine how much property is to be exempted. After the initial filing accounts valued at less than $25,000 will not have to file annually.
Click here to download the Tangible Tax Form
Helpful Hints & Suggestions
File the original return from this office as soon as possible before the deadline of April 1st. Be sure to sign and date your return.
Work with your accountant or C.P.A to identify any equipment that may have been physically removed. List those items in the appropriate space on your return.
Do not use the term "same as last year" or "no change" on your return.
Please include the original cost of the item and the year purchased on your return. They are important considerations in determining an accurate assessment.
If you sell your business, go out of business, or move to a new location, please inform this office. It will enable us to keep timely and accurate records.
Dates & Deadlines
January 1 - blank forms are mailed out.
April 1 - filing deadline for Tangible Tax return (with no penalty applied)
Check out our FAQ (Frequently Asked Questions) for more info.