Tangible Personal Property Tax is an ad valorem tax assessed against:
- Any equipment, fixtures or furniture used in a business or for a commercial purpose
- Leased equipment
- Furnishings and appliances in a rental property, owned by the real property owner
- Any attachments made to a mobile home or manufactured housing in a rental park
Based on Florida Statute 193.052, any resident in possession of these assets on January 1 must file a tangible tax return form with the Broward County Property Appraiser’s office no later than April 1 of each year.
Failure to receive a tangible personal property tax return form does not relieve you of your obligation to file. If you receive a form and feel that it is not applicable, you must return it with an explanation. All returns must be sent back by April 1.
The Broward County Property Appraiser’s Office assesses the value of tangible personal property and presents a certified tax roll to Broward County Records, Taxes and Treasury Division. The assessment is based on status as of January 1. If a business was open, a unit was rented or a mobile home was owned on January 1, an assessment will be made. There is no provision for proration in the event of a mid-year sale, closure or liquidation.
Records, Taxes and Treasury Division mails the tax notices by November 1 of each year with payment due by March 31. Discounts for early payment are as follows:
- 4 percent discount if paid in November
- 3 percent discount if paid in December
- 2 percent discount if paid in January
- 1 percent discount if paid in February
There is no discount for tangible personal property taxes paid in March.
After April 1, a penalty is applied at the rate of five percent per month, or portion of the month that the Tangible Personal Property Tax return is late. If no return is filed, a 25 percent penalty is assessed. The Broward County Property Appraiser assesses the property, based on an estimate. Any questions concerning assessments or filing should be directed to the Property Appraiser's office.
On July 1, pursuant to Section 197.413, Florida Statutes, Tax Warrants are issued on all unpaid tangible personal property. Within 30 days after the warrants are prepared, the Records, Taxes and Treasury Division applies to the Circuit Court for an order directing levy and seizure of enough tangible personal property to pay the amount of unpaid taxes and costs.
Any changes to the tax roll (name, address, location, assessed value) must be processed through the Broward County Property Appraiser's office.
For additional information regarding Tangible Personal Property tax, call the Broward County Call Center at 3-1-1 or 954-831-4000.