Tangible Personal Property Tax

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 establishes the assessed value of the tangible property.   It is a combination of the millage rate and assessed value that determine the tax amount due for each parcel.  Once the Property Appraiser and taxing authorities certify the values and millage rates for the tax year, the roll is certified to the Tax Collector for collection. Tax notices are mailed to the owner’s last record of address on or before 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.

Beginning April 1st, the taxes become delinquent and begin acruing interest at a rate of 1.5% per month plus additional fees.  Pursuant to Florida Statutes, Tax Warrants are issued prior to April 30th of the following year on all unpaid tangible personal property taxes. Within 30 days after the warrants are prepared, the Tax Collector applies to the Circuit Court for an order directing levy and seizure of the property for the amount of unpaid taxes and costs.