Ed Crapo
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Office Information

  • Office Hours:
    Mon - Fri: 8am - 5pm

    Office Phone:
    (352) 374-5230

    Office Fax:
    (352) 374-5278

    12 SE 1st Street
    Gainesville, Fl 32601

Tangible Personal Property Most Frequently Asked Questions

What is Tangible Personal Property?

Tangible Personal Property is everything other than real estate that has value by itself. It includes such items as furniture, tools, machinery, household appliances, signs, equipment, leasehold improvements, supplies and leased equipment used in a business.

Who must file?

Anyone in possession of assets on January 1st who has a sole proprietorship, partnership, company, corporation, or is a self-employed agent or contractor must file each year. Property owners who lease, lend or rent property must also file.

Why must I file a return?

Florida Statute requires that all Tangible Personal Property be reported each year to the Property Appraiser's office. If you receive a return, our office determined that you may have personal property to report. If you feel that the form is not applicable, return it with an explanation.

How can I obtain this form?

As a courtesy, the Property Appraiser mails a return at the beginning of each year. If you do not receive one, please contact our office.

I received more than one form am I required to file both?

Yes, if you received two forms, it means we have been informed that you have more than one business or location.

If I have no assets to report, do I still have to file a return?

Yes. If you feel you do not have assets to report, fill out items 1 through 9a on the return and attach an explanation of why nothing was reported.

If I am no longer in business, should I still file the return?

Yes. If you were not in business on January 1st of the tax year, follow this procedure:
1. On your return, indicate the date you went out of business and the manner in which you disposed of the assets.
2. If the business sold please include buyer information such as: date of sale, name, address and telephone number.
3. Sign, date and mail the return back to the Property Appraiser by April 1st.

What if I have old equipment that has been depreciated and written off?

All equipment still in use or in your possession should be reported.

Is there a minimum value that I do not have to report?

No. There is no minimum value.

Is my mobile home considered real or tangible personal property?

If you own both the land and mobile home, the mobile home must be declared real property and a Real Property (RP) decal must be purchased. If you do not own the land but do own the mobile home, you are required to purchase a yearly decal for the mobile home.

Tangible Personal Property Exemption

Businesses with tangible personal property assets are required to file a timely return to qualify for an exemption of up to $25,000. A timely filed return is application for the exemption. Returns must be received or postmarked by April 1st of each year. If the Just Value of the business tangible is $25,000 or less, the filing requirements will be waived in future years UNLESS the Just Value increased to over $25,000. It is the responsibility of the taxpayer to timely file if the value increases to greater than $25,000 in any year.