Tangible Personal Property

All tangible personal property located in this county and used in the operation of a business or other income-producing ventures is eligible for the exemption.

Tangible Personal Property (TPP) is personal property that is physical and can be relocated. TPP includes:

Machinery and equipment, furniture, fixtures, tools, office equipment, computer equipment, signage, supplies, and any other equipment used to operate a business, including old or fully depreciated equipment. Additionally, property that has been expensed under IRS Section 179 must also be reported.
Leasehold improvements related to your business.
Leased, loaned, or rented equipment
Furniture and fixtures used in the rental of any residential property or commercial property are taxable.

Filing Requirements for your Tangible Personal Property Exemption:

In compliance with Florida Statutes, all tangible personal property (TPP) located in this county and used in the operation of a business or other income-producing venture as of January 1st of each year must be reported at 100% of the unadjusted original cost.

Property must be reported on the DR-405 form

This form will serve as your application to receive the $25,000 (Al) exemption.

In the initial year of qualification for the exemption, you are required to file the TPP return form per Florida Statute 196.183.

It is the responsibility of the taxpayer to file the TPP return form in any subsequent year if the value increases to greater than $25,000 in any year.

All business assets, regardless of value, must be reported

Use the Asset List Spreadsheet to be provided to the Property Appraiser’s Office with the return.

Be as specific as possible in listing all assets. “Laptop, server, tablet” is preferable to “computer equipment,” as each of these has a different economic life and will affect your assessed value.

Send in all documents by April 1st

The statutory deadline to file a return without an extension is April 1. All extension requests must be received by 5PM on March 31 to be considered for approval. Our office will not waive penalties for any returns filed after the extended deadline of May 15.

You may electronically file for the $25,000 TPP Exemption by submitting the completed DR-405 and supporting documents to TPP@sjcpa.gov.

Please contact our Tangible Personal Property Department at (904) 827-5508 if you have any questions or need additional information.

If this is the first year you have been in business or you have not filed before please visit here to create your TPP account.

Click here for our TPP Brochure for more information.