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

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

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.

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

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.

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