Yes, you are required to file a Florida DR-405 Tangible Property Tax Return.
Anyone owning Tangible personal property on January 1 must file a tax
return by April 1 each year unless you were notified that
the filing requirement has been waived. Every new business owning
tangible personal property on January 1 must file an initial tax return.
In any year the assessed value of your tangible personal property
exceeds $25,000, you are required to file a return. Taxpayers who lease,
lend or rent property must also file a return.
Tangible personal property is everything other than real estate that is used in a business or rental property, and includes vehicles.
