Tangible Tax

Per Section 193.052, Florida Statutes  if the assessed value on the return is greater than $25,000, a return should be filed. All Taxpayers who lease, lend or rent property must file a return.  Property Appraisal Offices will apply 5% penalty per month or portion of a month on Returns filed late. A 15% penalty is required for unreported property, and a 25% penalty if no Return is filed.