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Tangible Tax

Last Updated OnMarch 29, 2024

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.

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