Tangible Personal property is everything other than real estate that has value. It includes furniture, fixtures, tools, machinery, household appliances, signs, equipment, leasehold improvements, supplies, leased equipment and any other equipment. 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 with our office. Please submit electronic data in Excel, along with a signed and dated Tangible Personal Property Tax Return (DR-405). Filing Deadline is April 1.
All new and previously taxed businesses are required to timely file a DR-405 form. The exemption does not apply in any year that a taxpayer fails to timely file a return that is not waived per F.S.196.183(5).
Businesses that filed and benefited from the Tangible Personal Property Exemption have been mailed exemption renewal postcards. As long as the value of your property remains at $25,000 or less on January 1 of each year and you receive a postcard, you will not need to file a TPP Return per F.S.196.183(3). If the value of your property was more than $25,000 on January 1 of last year or any following year, you must timely file a TPP Return (DR-405) per F.S.196.183(5).
The Tangible Personal Property office is located at:
315 Court Street
Please send TPP mail and correspondence to:
Tangible Personal Property