Charlotte County Property Appraiser - Paul L. Polk, CFA, AAS, RES

Tangible Personal Property

What Is Tangible Personal Property

Tangible personal property is all goods, chattels, and other articles of value.   It includes: machinery, equipment, furniture, fixtures, signs, window air conditioners, supplies, leased, loaned, borrowed, or rented equipment used in a business, mobile home attachments on rented land (carport, screened porch, Florida room, etc.) furniture and appliances in rental properties.

Who Is Required To File

Except for owners of mobile home attachments on rented land, every person, firm, corporation, etc. owning tangible personal property used in a business, commercial venture, or rental property, is required to file an initial return with the Property Appraiser. A return is not required for mobile home attachments.

$25,000 Tangible Personal Property Exemption

Amendment 1, approved on January 29, 2008, allows a $25,000 exemption for tangible personal property. Filing a tangible personal property tax return (DR405) is considered the application for the $25,000 exemption.

Accordingly, a return must be filed by April 1st to receive the exemption. A return filed after the April 1 deadline does not qualify for the exemption.

When To File

All tangible personal property returns must be filed between January 1 and April 1, to avoid penalties and to qualify for an exemption up to $25,000 of value. After the initial timely filed return, no return is required on existing accounts if the value of assets is less than $25,000.

Penalties will be imposed for failing to file, and improper or late filing of the return.

  1. Failure to file: 25%
  2. Filing after due date: 5% per month
  3. Unreported property: 15% of tax attributable to omitted property.

Failure to file a return or to otherwise properly submit the property for taxation does not relieve the taxpayer of any requirement to pay all taxes assessed against the property.

How To File

A tangible personal property tax return will be mailed to you on January 1st of each year. If you have met your filing requirements for the year, you will instead receive a waiver reminder postcard. If a return or postcard was not received, please contact our office promptly. Blank returns are also available through our website.

Please refer to the filing instructions for a detailed guide on properly completing the Tangible Personal Property Tax Return (form DR-405)..

Online filing is also available through our website. In order to utilize our online system, you will need your tangible personal property account number and unique password printed on the front of the return that was mailed to you.

Filing Extension

Section 193.063, Florida Statutes, states, "The property appraiser shall grant an extension for the filing of a tangible personal property tax return for 30 days and may, at her or his discretion, grant an additional extension for the filing of a tangible personal property tax return for up to 15 additional days. A request for extension must be made in time for the property appraiser to consider the request and act on it before the regular due date of the return. However, a property appraiser may not require that a request for extension be made more than 10 days before the due date of the return. A request for extension, at the option of the property appraiser, shall include any or all of the following: the name of the taxable entity, the tax identification number of the taxable entity, and the reason a discretionary extension should be granted".

Accordingly, a 30-day extension will be granted upon a timely request by the taxpayer.

Complete the 30 day extension application online no later than 5:00PM on March 31stst.

April 1 is the deadline for filing a Tangible Personal Property Tax Return.

Please direct questions concerning tangible personal property to this office at or (941) 743-1476.

Additional Information

For further information, state statutes, and frequently asked questions regarding Tangible Personal Property, please see the Florida Department of Revenue’s website at: