@KUKIM wrote:
What does it mean by "tangible personal property." I have a rental property in Florida so i am not sure if i fit into this criteria.
@KUKIM You should visit the web site of the county property appraiser for further information. There should also be a contact number in the event you have any further questions.
See https://floridarevenue.com/property/Pages/LocalOfficials.aspx
For the majority of counties, "tangible personal property" used in residential rental real estate would include furnishings, appliances, and the like.
The Florida form you would file to report tangible personal property is Form DR-405. Note that filing Form DR-405 provides the taxpayer (owner) with an exemption of the first $25,000 in valuation of personal property. If your rental unit (house, condo, etc.) is unfurnished, odds are the value of items that are considered "tangible personal property" on the premises and used by the tenant(s) will be well below that figure.
