What is the “greenbelt” or “ag exemption”?
“Greenbelt” is the term commonly used for the agricultural classification of property. Technically, this classification is not an exemption, but it does yield a lower assessed value. Agricultural classification is for land that is used for good faith, commercial agriculture. Applications must be filed between January 1st and March 1st. TANGIBLE PERSONAL PROPERTY (Back to Top) Q: What is Tangible Personal Property? A: Everything other than real estate that has value in and of itself. It includes items such as machinery and equipment, signs, supplies and leasehold improvements. Some types of tangible personal property are exempt, such as household goods and personal effects. Q: Who must file? A: Anyone in possession of taxable assets on January 1st must file a Tangible Personal Property return (DR-405). Property owners who lease, lend or rent property or equipment must also file a return. Q: Why must I file a return? A: Section 193.052, Florida Statutes, requires that all tangible person
