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Who Must File a Tangible Personal Property return?

April 26, 2017file Property Return Tangible

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Who Must File a Tangible Personal Property return?

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A. Anyone who owns, or is in possession of, Tangible Personal Property on January 1 who has either a sole proprietorship, partnership, company, corporation, or is a self-employed agent or contractor may be required to file. If you have received a waiver letter and you have not added property that would cause the total value to exceed $25,000, you are not required to file a return. If the location of your business has changed, or if there has been a change in ownership, you must file a return.

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Any person or entity that owns or possesses Tangible Personal Property located in Florida, as of the January 1 tax assessment date, must file a DR-405 tangible property return with the Property Appraiser in the county where the property is (or was) physically located on the assessment date.