Florida business personal property tax, 2027
DR-405 — Tangible Personal Property Tax Return — is due April 1, 2027 in every Florida county, with an extension to May 3, 2027 on request. The first $25,000 of assessed value per location is exempt; tax applies to value above that. After an initial return, the annual return is waived while value stays at or under $25,000.
Florida counties
Due dates roll to the next business day. Rates are our estimate for a typical in-city location.
| County | Appraiser | DR-405 due | Est. total rate | Files via |
|---|---|---|---|---|
| Brevard County | Brevard County Property Appraiser | April 1, 2027 | not on file | — |
| Broward County | Broward County Property Appraiser | April 1, 2027 | 1.8% | |
| Collier County | Collier County Property Appraiser | April 1, 2027 | 0.9% | |
| Duval County | Duval County Property Appraiser | April 1, 2027 | 1.8% | |
| Hillsborough County | Hillsborough County Property Appraiser | April 1, 2027 | 2% | TPP E-File System (Just Appraised) — Tangible Tax Return HC-405 |
| Lee County | Lee County Property Appraiser | April 1, 2027 | 1.7% | — |
| Miami-Dade County | Miami-Dade County Property Appraiser | April 1, 2027 | 2% | File Your TPP Tax Return Online (PA Online Tools) |
| Orange County | Orange County Property Appraiser | April 1, 2027 | 1.8% | TPP eFile (Tyler SmartFile) — Tangible Personal Property Tax Return (DR-405) |
| Palm Beach County | Palm Beach County Property Appraiser | April 1, 2027 | 2% | TPP E File |
| Pasco County | Pasco County Property Appraiser | April 1, 2027 | not on file | |
| Pinellas County | Pinellas County Property Appraiser | April 1, 2027 | 1.8% | |
| Polk County | Polk County Property Appraiser | April 1, 2027 | 1.8% | Tangible Online Filing Application ('File TPP Return') |
| Sarasota County | Sarasota County Property Appraiser | April 1, 2027 | 1.5% | File DR-405 Tax Return Online |
| Seminole County | Seminole County Property Appraiser | April 1, 2027 | 1.8% | TPP e-File System |
| Volusia County | Volusia County Property Appraiser | April 1, 2027 | 1.8% | File TPP Return Online (Volusia SmartFile) |
Exemption
The first $25,000 of assessed value per location is exempt; tax applies to value above that. After an initial return, the annual return is waived while value stays at or under $25,000.
| Tax years | Amount | Type | Statute |
|---|---|---|---|
| 2008–present | $25,000 | deduction | Fla. Stat. § 196.183 |
Created by s. 8, ch. 2007-339 and s. 9, ch. 2008-173 implementing Amendment 1 (approved by voters January 29, 2008); first applied to the 2008 tax roll.
SINGLE RETURN PER SITE: 196.183(1) — "A single return must be filed for each site in the county where the owner of tangible personal property transacts business." Owners of freestanding property at multiple sites that are not business sites (vending machines, LP tanks, utility/leased equipment) file ONE return covering all such property in the county and receive one exemption for it.
Penalties
- Late return: 5% of the tax for each month (or part) it is late, capped at 25%.
- No return filed: 25% of the tax.
- Property omitted from a return: 15% of the tax on the omitted property.
F.S. 193.072 (2026 Florida Statutes; History s. 13, ch. 70-243; s. 1, ch. 77-102; s. 9, ch. 79-334; s. 972, ch. 95-147).
Penalties are a percentage of the ad valorem tax ultimately levied on the property, not of value: late return = 5% of tax per month or part-month late, capped at 25% (filed in April = 5%, May = 10%, June = 15%, July = 20%, August 1 or later = 25%); no return = 25% of tax each year; unlisted property = 15% of the tax attributable to it. 193.072(2): penalties are computed on all ad valorem personal property taxes, penalties and interest levied on the property and are a lien on the property.
Notices, protests and bills
- Notice of value
- August (TRIM Notice of Proposed Property Taxes, s. 200.069; counties report mailing in mid-August)
- Protest deadline
- On or before the 25th day following the mailing of the TRIM notice by the property appraiser (F.S. 194.011(3)(d)); in practice mid-September, printed on the notice
- Appeal body
- County Value Adjustment Board (petition filed with the Clerk of the VAB; special magistrates hear TPP petitions)
- Bills mailed
- November 1 (taxes are due and payable November 1, or as soon thereafter as the certified tax roll is received by the tax collector — F.S. 197.333)
- Bills due
- Delinquent April 1 following the year of assessment (or 60 days after mailing of the original tax notice, whichever is later) — F.S. 197.333. Early-payment discounts under F.S. 197.162: 4% within 30 days after the tax notice is sent (November), 3% in December, 2% in January, 1% in February, 0% in March.
Notes
Florida has no state-level return; the DR-405 (DOR form incorporated by Rule 12D-16.002, F.A.C.) is filed with the county property appraiser in each county where property is located as of January 1 (F.S. 193.052/193.062). Several appraisers issue county-branded versions (e.g., HC-405 Hillsborough, PC-405 Pinellas, VC-405 Volusia) with the same lines.
Statute year: text verified against the 2026 Florida Statutes on m.flsenate.gov for 193.062, 193.063, 193.072, 194.011, 197.162 and 197.333; 196.183 verified on the 2024 (incl. 2025C) page plus the 2025 Chapter 196 text (unchanged since ch. 2008-173); 192.001 verified on the 2025 Chapter 192 text.
The DOR TPP page (floridarevenue.com/property/Pages/Taxpayers_TangiblePersonalProperty.aspx) says the DR-405 is due to the county property appraiser by April 1 and that returns filed after April 1 or after an approved extension are not timely; DOR brochure PT-114 at floridarevenue.com/property/Documents/pt114.pdf.
Questions
DR-405 is due April 1, 2027 in every county. An extension to May 3, 2027 is available: Request from the county property appraiser before April 1 (most counties take requests online or in writing; several close requests at 5 p.m. March 31). Mandatory 30-day extension to May 1; a further discretionary extension of up to 15 days may be granted for the reason stated in the request (F.S. 193.063).
The first $25,000 of assessed value per location is exempt; tax applies to value above that. After an initial return, the annual return is waived while value stays at or under $25,000.
No. Florida exempts inventory held for sale from tangible personal property tax.
Late return: 5% of the tax for each month (or part) it is late, capped at 25%. No return filed: 25% of the tax. Property omitted from a return: 15% of the tax on the omitted property.
Sources
Every figure above is taken from one of these documents; the date is when Rendition last read it.
- 01DR-405 — Tangible Personal Property Tax Returnfloridarevenue.com/property/Documents/dr405.pdfread 2026-11-02
- 02Statutory filing deadlinem.flsenate.gov/Statutes/193.062read 2026-11-02
- 03Extensionm.flsenate.gov/Statutes/193.063read 2026-11-02
- 04Exemption — Fla. Stat. § 196.183flsenate.gov/Laws/Statutes/2024/196.183read 2026-11-02
- 05Penalty statutem.flsenate.gov/Statutes/193.072read 2026-11-02
- 06Inventory treatmentflsenate.gov/Laws/Statutes/2025/Chapter192/Allread 2026-11-02
- 07Notice and appeal rulesm.flsenate.gov/statutes/194.011
- 08Tax bill due datem.flsenate.gov/Statutes/197.333read 2026-11-02
- 09Florida statewide depreciation tableleepa.org/webforms/tangible/Untrended%20Depreciation.pdfread 2026-11-02
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