Tangible Personal Property Tax
TPP is a property tax levied against the furniture and equipment of a business, attachments of a mobile home and furnishings provided in a rental property. After the assessed value is determined by the property appraiser and millage rates are set by the taxing authorities, the tangible tax roll is then certified and delivered to the tax collector for collection. Tax statements are mailed on November 1st of each year with payment due by March 31st. Discounts apply for early payment.
- 4% discount if paid in November
- 3% discount if paid in December
- 2% discount if paid in January
- 1% discount is paid in February
- Gross amount paid in March, no discount applied.
Taxes become delinquent April 1 of each year at which time a 1.5 percent fee per month is added to the bill. Within 45 days after the date of delinquency, the Tax Collector is required by law to advertise a list of delinquent taxpayers one time in a local newspaper. Advertising costs are added to the delinquent bill.
Pursuant to Florida Statutes, tax warrants are issued prior to April 30th of the next year on all unpaid tangible personal property taxes. Within 30 days after the warrants are prepared, the tax collector applies to the Circuit Court for an order directing levy and seizure of the property for the amount of unpaid taxes and costs. The ratified tax warrant has the same force and effect as a writ of garnishment when levied by the tax collector. This tax warrant will be issued to the owner of the business on January 1; this tax warrant survives the sale or transfer of the property.
Business closings should be reported to the Property Appraiser’s Office. If your business was open during anytime of the year, your taxes will be due for that year. If you sell your business, please make sure that the proper research is performed prior to your closing. Any changes to the tax roll (name, address, location, assessed value) must be processed through the Property Appraiser's Office.
You may contact our Tax Department via email at: Taxes@waltontaxcollector.com