Tangible Personal Property
Taxscribe for Florida Business Owners & CPAs
Modern personal property tax filing for Florida — prepare your return in minutes, import fixed assets, and e-file to participating jurisdictions or email a print-ready PDF to your local assessor.
What is Tangible Personal Property tax?
In Florida, Tangible Personal Property (TPP) is all goods, property other than real estate, and other articles of value that the owner can physically possess and has intrinsic value. Inventory, household goods, and some vehicular items are excluded.
Who should file Tangible Personal Property?
Anyone who owns Tangible Personal Property on January 1 and who has a proprietorship, partnership, or corporation, or is a self-employed agent or a contractor, must file a tangible personal property return to the property appraiser. Property owners who lease, lend, or rent property must also file.
- Filing deadline
- April 1st of each year
- Late penalty
- Failure to file: 25 percent of total tax levied; Filing late: 5 percent of total tax for each year, month, and part of month late, but not more than 25 percent
When you should file:
Tangible personal property tax filing in Florida must be filed with your property appraiser by April 1st of each year. If you fail to file or submit a late TPP return, you will be subject to penalties.
Exemptions:
If you file your TPP return by April 1st, you will be eligible for a property tax exemption of up to $25,000 of assessed value.
Important Notes About Tangible Personal Property:
- DR-405 is the Tangible Personal Property Tax Return Form in Florida.
- If you own TPP at or below $25,000 in assessed value and file an initial return, you may qualify for the filing waiver. The waiver applies in all subsequent years that the property value stays at or below $25,000.
- Failure to file will result in a penalty of 25 percent of the total tax levied against the property for each year that you do not file a return
- Filing late will result in a penalty of 5 percent of the total tax levied against the property covered by that return for each year, each month, and part of a month that a return is late, but not more than 25 percent of the total tax.
- Failure to list all TPP on the return will result in a penalty of 15 percent of the tax attributable to the omitted property.
- All questions should be directed to your local property appraiser's office.
Coverage
How Taxscribe works in Florida
Taxscribe supports Tangible Personal Property filing across Florida. Where your jurisdiction participates in Taxscribe's e-file program, you can submit directly; elsewhere, generate a print-ready PDF and email or mail it to your local assessor. Contact us to see if your jurisdiction participates.