Tangible Personal Property (TPP) consists of all goods, chattels and other articles of value capable of manual possession, whose chief value is intrinsic to the article itself. Inventory for sale and household goods held for comfort are expressly excluded from this definition.

Anyone who owns TPP on January 1st and who has a proprietorship, partnership, or corporation or is a self-employed agent or a contractor must file a TPP Return (Form DR-405) with the property appraiser by April 1st of each year (section 193.062, F.S.) or the first business day, should the due date fall on a weekend or holiday. Property owners who lease, lend or rent property must also file.  The costs listed on the return are utilized in the valuation of the property.

You may file online using the Tangible Personal Property Tax Return Online Filing application or you can complete the TPP Tax Return Form (DR-405)  and mail it to our office. You may also request an extension for filing the Return.  Penalties for delinquency, failure to file and omitted property may be imposed. Returns filed after the due date, or extended due date, will be assessed a penalty of total taxes levied at a rate of 5% for each month after April 1 to a maximum of 25%.

If you filed an initial return, you may qualify for a filing waiver. The waiver may apply in all subsequent years in which the property’s assessed value remains at or below $25,000.

For example:

• Returns filed (or postmarked) after due date through April 30 will receive a 5% penalty
• Returns filed (or postmarked) May 1 through May 31 will receive a 10% penalty
• Returns filed (or postmarked) June 1 through June 30 will receive a 15% penalty
• Returns filed (or postmarked) July 1 through July 31 will receive a 20% penalty
• Returns filed (or postmarked) August 1 and after will receive a 25% penalty

TRIM Notices are mailed out no later than August 24 indicating the valuation of the property. There is a 25 day period whereby you may contest the valuation of your property with our Office.  After the deadline on the notice, property owners cannot contest value unless a Value Adjustment Board (VAB) petition was timely filed and a hearing is pending before the VAB.

Returns may be submitted or any inquiries may be directed to our Office in the South Dade Government Center.
Please follow the detailed instructions included in the TPP Tax Return Form regarding the required information to file a compliant TPP Tax Return Form.
The tax bill is mailed to the taxpayer, usually by November. Any questions related to collection of taxes for TPP should be referred to the Tax Collector's Office.