Enlarge image | TANGIBLE PERSONAL PROPERTY TAX RETURN DR-405, R. 01/18 CONFIDENTIAL Rule 12D-16.002, F.A.C. Eff. 01/18 Return to property appraiser by April 1 to avoid penalty. Enter your account number, name, and address below. Mail this form to your County Property Appraiser. Select County County Tax year Select Year Account number Business name (DBA-Doing Business As) and mailing address: Name and address Federal Employer - Identification Number NAICS If name and address is incorrect, please make needed corrections. 1. Owner or person in charge Phone 6. Type or nature of your business Business/corporate name Trade levels (check all that apply) Retail Wholesale 2. Physical location Manufacturing Professional Service Agricultural (no PO Boxes) Leasing/rental Other, specify: 3. Do you file a TPP tax return under any other name? Yes No 7. Did you file a TPP return in this county last year? Yes No Name on most recent return or tax bill Name and location 4. Date you began business in this county 5. Fiscal year If before 12/31 last year, does this return reflect 8. Former owner of business end date additions/deletions through Dec 31? Yes No 9. If sold, to whom? Date sold Personal Property Summary Schedule - Enter totals from page 2 or from an Taxpayer's Estimate Original Installed For Property attached itemized list or depreciation schedule with original cost and date of acquisition. of Fair Market Value Cost Appraiser Use Only 10 Office furniture, office machines, and library 11 EDP equipment, computers, and word processors 12 Store, bar and lounge, and restaurant furniture, equipment, etc. 13 Machinery and manufacturing equipment 14 Farm, grove, and dairy equipment 15 Professional, medical, dental, and laboratory equipment 16 Hotel, motel, and apartment complex 16a Rental units (stove, refrigerator, furniture, drapes, and appliances) 17 Mobile home attachments (carport, utility building, cabana, porch, etc.) 18 Service station and bulk plant equipment (underground tanks, lifts, tools) 19 Signs (billboard, pole, wall, portable, directional, etc.) 20 Leasehold improvements - grouped by type, year of installation, and description 21 Pollution control equipment 22 Equipment owned by you but rented, leased or held by others 23 Supplies not held for resale 24 Renewable energy source devices 25 Other, specify: TOTAL PERSONAL PROPERTY $ 0.00 $ 0.00 I declare I have read this tax return and the accompanying schedules and statements. The facts in them are true. If prepared by $25,000 Less someone other than the taxpayer, the preparer signing this return certifies that this declaration is based on all information he or she has knowledge of. Widowed Exemptions Signature Blind Taxable taxpayer Print name Title Date Total disability Value Signature Other, specify preparer Print name Preparer ID Date Penalties Address Phone Sign and date your return, send the original to the county property appraiser’s office by April 1. Unsigned Signature, deputy Date returns cannot be accepted by the appraiser’s office. If you are entitled to a widow’s, widower’s, or disability exemption on personal property (not already claimed on real estate), consult your appraiser. |
Enlarge image | TANGIBLE PERSONAL PROPERTY DR-405, R. 01/18, Page 2 Report all property owned by you including fully depreciated items still in use. ASSETS PHYSICALLY REMOVED DURING THE LAST YEAR Description Age Year Taxpayer's Estimate Original Installed Disposed, sold, or traded and to whom? Acquired of Fair Market Value Cost LEASED, LOANED, OR RENTED EQUIPMENT Complete if you hold equipment belonging to others. Lease Purchase Name and Address of Owner or Lessor Description Year Year of Monthly Original Installed Option Acquired Manufacture Rent Cost Yes No SCHEDULE FOR LINE 22, PAGE 1 Equipment owned by you but rented, leased, or held by others. Enter total on page 1. Year Taxpayer's Original Lease Name/address of lessee Description Age Monthly Term Estimate of Fair Cond* Installed Cost Number Actual physical location Acquired Rent Market Value New SCHEDULES FOR PAGE 1, LINES 10 - 21 and 23 - 25 APPRAISER’S USE ONLY Enter line number from page 1. Age Year Taxpayer's Estimate Cond* Original Installed Description Acquired of Fair Market Value Cost Cond* Value Enter totals on page 1. TOTAL TOTAL TOTAL Enter line number from page 1. Age Year Taxpayer's Estimate Cond* Original Installed Description Acquired of Fair Market Value Cost Cond* Value Enter totals on page 1. TOTAL TOTAL TOTAL Enter line number from page 1. Age Year Taxpayer's Estimate Cond* Original Installed Description Acquired of Fair Market Value Cost Cond* Value Enter totals on page 1. TOTAL TOTAL TOTAL *Condition: enter good, avg (average), or poor. Add pages, if needed. See instructions on pages 3 and 4. |
Enlarge image | DR-405, R. 01/18, page 3 INSTRUCTIONS Complete this form if you own property used for commercial purposes that is not included in the assessed value of your business' real property. This may include office furniture, computers, tools, supplies, machines, and leasehold improvements. Return this to your property appraiser's office by April 1. Keep a copy for your records. Report your summary totals on page 1. Use page 2 or an attached, itemized list with original cost and date acquired for each item to provide the details for each category. Contact your local property appraiser if you have questions. If you ask, the property appraiser will give you an extension for 30 days and may grant an additional 15 days. You must ask for the extension in time for the property appraiser to consider the request and act on it before April 1. Each return is eligible for an exemption up to $25,000. By filing a DR-405 on time you automatically apply for the exemption. If you do not file on time, Florida Law provides for the loss of the $25,000 exemption. WHAT TO REPORT LOCATION OF PERSONAL PROPERTY Include on your return: Report all property located in this county on January 1. Tangible Personal Property. Goods, chattels, and 1. You must file a single return for each site in the other articles of value (except certain vehicles) that county where you transact business. If you have can be manually possessed and whose chief value freestanding property at multiple sites other than is intrinsic to the article itself. where you transact business, file a separate, but single, return for all such property located in the 2. Inventory held for lease. Examples: equipment, county. furniture, or fixtures after their first lease or rental. 3. Equipment on some vehicles. Examples: power Examples of freestanding property at multiple sites cranes, air compressors, and other equipment used include vending and amusement machines, LP/ primarily as a tool rather than a hauling vehicle. propane tanks, utility and cable company property, billboards, leased equipment, and similar property 4. Property personally owned, but used in the not customarily located in the offices, stores, or plants business. of the owner, but is placed throughout the county. 5. Fully depreciated items, whether written off or not. Report at original installed cost. PENALTIES Do not include: Failure to file - 25% of the total tax levied against the property for each year that no return is filed 1. Intangible Personal Property. Examples: money, all evidences of debt owed to the taxpayer, all Filing late - 5% of the total tax levied against the evidence of ownership in a corporation. property covered by that return for each year, each month, and part of a month, that a return is late, but 2. Household Goods. Examples: wearing apparel, not more than 25% of the total tax appliances, furniture, and other items ordinarily found in the home and used for the comfort of the Unlisted property -15% of the tax attributable to the owner and his family, and not used for commercial omitted property purposes. 3. Most automobiles, trucks, and other licensed RELATED FLORIDA TAX LAWS vehicles. See 3 above. §192.042, F.S. - Assessment date: Jan 1 4. Inventory that is for sale as part of your business. §193.052, F.S. - Filing requirement Items commonly referred to as goods, wares, and §193.062, F.S. - Filing date: April 1 merchandise that are held for sale. Also, inventory §193.063, F.S. - Extensions for filing is construction and agricultural equipment weighing §193.072, F.S. - Penalties 1,000 pounds or more that is returned to a §193.074, F.S. - Confidentiality dealership under a rent-to-purchase option and §195.027(4), F.S.- Return Requirements held for sale to customers in the ordinary course of §196.183, F.S. - $25,000 Exemption business. See section 192.001(11)(c), Florida § 837.06, F.S. - False Official Statements Statutes. See line and column instructions on page 4. |
Enlarge image | DR-405, R. 01/18, Page 4 LINE INSTRUCTIONS Within each section, group your assets by year of acquisition. List each item of property separately except for “classes” of personal property. A class is a group of items substantially similar in function, use, and age. Line 14 - Farm, Grove, and Dairy Equipment List all types of agricultural equipment you owned on January 1. Describe property by type, manufacturer, model number, and year acquired. Examples: bulldozers, draglines, mowers, balers, tractors, all types of dairy equipment, pumps, irrigation pipe - show feet of main line and sprinklers, hand and power sprayers, heaters, discs, fertilizer distributors. Line 16 and 16a - Hotel, Motel, Apartment and Rental Units (Household Goods) List all household goods. Examples: furniture, appliances, and equipment used in rental or other commercial property. Both residents and nonresidents must report if a house, condo, apartment, etc. is rented at any time during the year. Line 17 - Mobile Home Attachments For each type of mobile home attachment (awnings, carports, patio roofs, trailer covers, screened porches or rooms, cabanas, open porches, utility rooms, etc.), enter the number of items you owned on January 1, the year of purchase, the size (length X width), and the original installed cost. Line 20 - Leasehold Improvements, Physical Modifications to Leased Property If you have made any improvements, including modifications and additions, to property that you leased, list the original cost of the improvements. Group them by type and year of installation. Examples: slat walls, carpeting, paneling, shelving, cabinets. Attach an itemized list or depreciation schedule of the individual improvements. Line 22 - Owned by you but rented to another Enter any equipment you own that is on a loan, rental, or lease basis to others. Line 23 - Supplies Enter the average cost of supplies that are on hand. Include expensed supplies, such as stationery and janitorial supplies, linens, and silverware, which you may not have recorded separately on your books. Include items you carry in your inventory account but do not meet the definition of “inventory” subject to exemption. Line 24 - Renewable Energy Source Devices List all renewable energy source devices as defined in section 193.624, Florida Statutes. Section 196.182, F.S., provides an exemption to renewable energy source devices considered tangible personal property. The exemption is granted based on a percentage of value, when the devices are installed, and what type of property the devices are installed on. COLUMN INSTRUCTIONS List all items of furniture, fixtures, all machinery, equipment, supplies, and certain types of equipment attached to mobile homes. For each item, you must report your estimate of the current fair market value and condition of the item (good, average, poor). Enter all expensed items at original installed cost. Do not use “various” or “same as last year” in any of the columns. These are not adequate responses and may subject you to penalties for failure to file. Taxpayer's Estimate of Fair Market Value You must report the taxpayer's estimate of fair market value of the property in the columns labeled "Taxpayer's Estimate of Fair Market Value." The amount reported is your estimate of the current fair market value of the property. Original Installed Cost Report 100% of the original total cost of the property in the columns labeled "Original Installed Cost." This cost includes sales tax, transportation, handling, and installation charges, if incurred. Enter only unadjusted figures in "Original Installed Cost" columns. The original cost must include the total original installed cost of your equipment, before any allowance for depreciation. Include sales tax, freight- in, handling, and installation costs. If you deducted a trade-in from the invoice price, enter the invoice price. Add back investment credits taken for federal income tax if you deducted those from the original cost. Include all fully depreciated items at original cost, whether written off or not. Assets Physically Removed If you physically removed assets last year, complete the columns in the first section of page 2. If you sold, traded, or gave property to another business or person, include the name in the last column. Leased, Loaned, and Rented Equipment If you borrowed, rented, or leased equipment from others, enter the name and address of the owner or lessor in the second section of page 2. Include a description of the equipment, year you acquired it, year of manufacture (if known), the monthly rent, the amount it would have originally cost had you bought it new, and indicate if you have an option to buy the equipment at the end of the term. |