Tangible Personal Property (TPP) is everything other than real estate that has value by itself, and is being used in a business or for income-producing purposes. It would include items such as furniture, fixtures, tools, machine leasehold improvments, supplies, leased equipment and any other equipment used in a business or to earn income.

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Who is required to file a tangible personal property tax return with the Martin County Property Appraiser?
Why must I file a return?
When should I file?
What if I file after the April 1 deadline?
What happens if I do not file?
What if I do not receive a tangible personal property tax return?
If I am no longer in business, should I still file the return?
I received a return, but do not own any assets. Should I file?
I have assets at more than one location in Martin County. Do I need to file separately for each location?
What if I have old equipment that has been fully depreciated and written off the books?
What if the only equipment I have was brought in from another business or from my home?
What if all the assets in my business are leased?
What if I do not agree with the assessed value stated on the Notice of Proposed Property Taxes that I receive in August?
How is depreciation calculated?
What is the Tangible Personal Property Exemption?
What is Pollution Control?


  • File the original, preprinted return as soon as possible before April 1. Be sure to sign and date the return.
  • It is to your advantage to provide a breakdown of assets since depreciation on items may vary.
  • If you have an asset listing or depreciation schedule that identifies each piece of equipment, attach it to your completed form.
  • Be sure to list any equipment that was physically removed.
  • If you sell your business, go out of the business or move to a new location, please inform this office. It will enable us to keep timely and accurate records.
  • Additional information regarding filing is provided in the instructional section of the return itself.