Tangible Personal Property is everything other than real estate used in a business. It includes furniture, fixtures, tools, machinery, household appliances, signs, equipment, leasehold improvements, supplies, leased equipment and any other equipment used in a business or to earn income. Personal household goods NOT used in a rental are NOT subject to the personal property tax.
Anyone in possession of assets on January 1 who has a proprietorship, partnership, corporation or is a self-employed agent or contractor, must file each year. Property owners who lease, lend or rent property must also file.
Section 193.052, Florida Statutes, requires that all Tangible Personal Property be reported each year to the Property Appraiser’s Office.
The Tangible Personal Property Tax Return (DR-405) is the application for the exemption of up to $25,000 for tangible personal property. A return must be filed by April 1 or within the approved extension period to receive the exemption.
To be accepted by our office, the Tangible Personal Property Tax Return (DR-405) must be dated and signed by an authorized representative. (PLEASE NOTE: In order for annotations/comments to show on the printed document, it is necessary when printing from Adobe Acrobat or a PDF Converter Professional to select the "Print with markup" option.)
The deadline for filing your Tangible Personal Property Tax Return is April 1. Please thoroughly read our Filing Extension Policy and our Post Certification Policy. All extension requests must be received by the close of business (5 p.m. EST) on March 31 to be considered. We no longer accept filing extension requests via fax. All filing extension requests on existing accounts must include the account number.
If you have an existing account you may file online. This requires your account number and password. A new password is sent out in January. If using the online filing feature, the fact that you have the correct password is considered a valid signature.
File Online: File DR-405 Tax Return
Filing a Paper DR-405 Form
The DR-405 (Tangible Personal Property Tax Return) must be completed to accurately reflect the assets utilized by the business. If a paper form is being filed, the original form must be signed by the owner or authorized agent for the business and delivered to the Property Appraiser’s office.
The individual assets reported may be listed on page 2 of the DR-405, or may be listed in an Excel spreadsheet using the following format DR-405 Asset Detail Submission Data Specifications. The Excel file may be delivered to our office by email or on disk. In all cases, the original DR-405 must be signed and delivered to our office.
You can obtain a Tangible Personal Property Tax Return (DR-405) in person at our offices, or, you can download a fillable PDF from our Download Forms page.
(Tutorial video best viewed on 1280 x 800 or better resolution.)
Sarasota County Property Appraiser
ATTN: TPP Department
2001 Adams Lane
Sarasota, FL 34237-7090
Sarasota - 2001 Adams Lane, Sarasota, FL 34237 OR Venice - 4000 S Tamiami Trail, STE 115, Venice, FL 34293
Tables are finalized annually in July. The tables are subject to change without notice prior to that date.
Just Value = Original Installed Cost X Index Factor (found in tables) X Depreciation Percent Good (found in tables)
2016 Index and Depreciation Schedules
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