WHAT IS TANGIBLE PERSONAL PROPERTY?
A. Tangible Personal Property is everything other than real estate that has value by itself. It includes such items 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.
Tangible personal property (TPP) is defined in Section 192.001, F.S. as “all goods, chattels and other articles of value (but does not include…vehicular items…) capable of manual possession and whose chief value is intrinsic to the article itself.” TPP is everything other than real estate that has value by itself and includes such things 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. It does not include motor vehicles, mobile homes, inventory, livestock, boats or airplanes.
Tangible personal property is everything other than real estate that has value by itself. It includes such things 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. It does not include motor vehicles, mobile homes, inventory, livestock, boats or airplanes. Table of contents.
Furnishings located in rental property, attachments to mobile homes on rented lots, and furnishings, fixtures and equipment used for a business purpose are tangible personal property. All are taxable and must be reported on the Tangible Tax Return available from the Property Appraiser’s Office. The filing deadline for Tangible Personal Property returns is April 1st of each year.
