If asset value in Florida is less than $250000, is state tax filling required?

srscrivens — Tue, 14 Jul 2020 01:59:47 GMT

Re: If asset value in Florida is less than $250000, is state tax filling required?

Anonymous_ — Tue, 14 Jul 2020 02:06:11 GMT

The relevant valuation for the purposes of the tangible personal property tax is $25,000.

In order to get that $25,000 exemption, you need to file a DR-405. The exemption is automatic if the form is filed.