Tangible Taxes

Tangible taxes play a pivotal role in the fiscal landscape of Lee County, Florida. These taxes are essential for maintaining public services, infrastructure, and the overall well-being of our community. In this guide, we will dive into the details of tangible taxes, their significance, and how they impact property owners and businesses in Lee County Property Apprasier.Lee-County-Property-Appraiser

Understanding Tangible Taxes in Lee County

Tangible taxes are levies imposed on the non-real property assets of individuals and businesses. They encompass everything from furniture, equipment, machinery, fixtures, and other tangible assets used for commercial purposes. These taxes are different from real property taxes, which pertain to land and immovable property structures.

TAXES ON TANGIBLE ASSETS

  • If you operate a business or rent out your property, you are subject to value-added tax.
  • The tax on movable tangible property is an ad valorem tax based on the following categories of property:
    • Business: Furniture, utensils, signs, supplies, and equipment used in the operation of the business.
    • Rental Furniture: Furniture and equipment provided in a rental unit.
  • Under Florida law 193,052, anyone who owns property on January 1 must file a Tangible Personal Property Tax Return (DR-405) with the real estate appraiser by April 1 of each year.
  • Failure to submit or late delivery of a declaration will result in a fine and additional costs.
  • If you own a business, you will receive a tangible personal property tax assessment from Lee County.

If you’ve received a tangible property tax assessment and want more information, see the following resources:

Contractor’s Guide to Material Taxes

  • If you don’t receive a tax invoice for every property and account you own, view your invoice online.

Note: Failure to pay TPP taxes will result in the filing of a money order, late fees, charges, and possible loss of property.

  • Visit our Tax arrears section for more information on tax arrears.
  • If you no longer operate a business or lease your property, visit the Real Estate Appraiser website to update your records and discuss removing your account from future tax listings.