ColeenD3
Expert Alumni

State tax filing

If the following does not apply to you, you are not required to file the return.

 

Counties in Florida have the authority to levy an ad valorem tax on tangible personal property that is used in a business or rental real estate. The "$25k exemption" refers to an exemption of up to $25k in assessed value of the reportable tangible personal property used in a business or rental.