Tangible personal property tax is an ad valorem tax assessed against the furniture, fixtures, and equipment located in businesses and rental property. It also applies to structural additions to mobile homes.
The Property Appraiser’s Office assesses the value of tangible personal property and presents a certified tax roll to the Tax Collector. It is the job of the Tax Collector to mail the tax notices and collect the money due. Tax statements are mailed on November 1st of each year with payment due by March 31st. Discounts apply for early payment.
- 4% discount if paid in November
- 3% discount if paid in December
- 2% discount if paid in January
- 1% discount is paid in February
- Gross amount paid in March, no discount applied.
If the estimated tax is greater than $100.00, tangible personal property taxes may be paid quarterly.
Taxes become delinquent April 1st each year, at which time a 1.5 percent fee per month is added to the bill. Within 45 days after the property becomes delinquent, the Tax Collector is required by law to advertise a list of delinquent taxpayers one time in a local newspaper. Advertising costs are added to the delinquent bill.
Pursuant to Florida Statute 197.413, tax warrants shall be prepared prior to April 30th of the next year on all unpaid tangible personal property taxes. Within 30 days after the warrants are prepared, the Tax Collector applies to the Clerk of the Circuit Court for an order directing levy and seizure of the property for the amount of unpaid taxes and costs.
Any changes to the tax roll (name, address, location, assessed value) must be processed through the Property Appraiser’s Office.
For additional information, the Property Appraiser’s office can be reached at (305) 292-3420.