@KUKIM wrote:
....To confirm if i am only depreciating the property i dont have to worry about the tangible property tax? This is not a short term rental and i do have appliance but i will not be depreciating any of those appliances.
One (depreciation for federal income tax purposes) has nothing to do with the other (the tangible personal property tax).
In fact, you could have taken enough depreciation deductions over the years on your federal income tax returns such that the bases of all of the appliances were reduced to zero and they could still have value for the purposes of the tangible personal property tax.
Regardless, since you mentioned the rental is not a short-term rental (which, I presume, means the unit is unfurnished), you will in all likelihood not be subject to the tangible personal property tax since the first $25,000 in valuation is exempt from taxation. However, you do need to file a DR-405 for the automatic exemption to kick in.
