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.
Who is required to file a tangible personal property tax return with the Martin County Property Appraiser?
I have assets at more than one location in Martin County. Do I need to file separately for each location?
What if I do not agree with the assessed value stated on the Notice of Proposed Property Taxes that I receive in August?
- 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.