TANGIBLE PERSONAL PROPERTY TAX RETURN VC-405

Complete this form if you own property used for commercial purposes that is not included in the assessed value of your business’ real property. This may include office furniture, computers, tools, supplies, machines, and leasehold improvements. Submit this return by April 1. Keep a copy for your records.

If you ask, the property appraiser will give you an extension for 30 days and may grant an additional 15 days. You must ask for the extension in time for the property appraiser to consider the request and act on it before April 1.

TPP Filing Extension Request Form

Each return is eligible for an exemption up to $25,000. By filing on time you automatically apply for the exemption. If you do not file on time, Florida Law provides for the loss of the $25,000 exemption.

PENALTIES
Failure to file - 25% of the total tax levied against the property for each year that no return is filed
Filing late - 5% of the total tax levied against the property covered by that return for each year, each month and part of a month, that a return is late, but not more than 25% of the total tax
Unlisted property - 15% of the tax attributable to the omitted property

Larry Bartlett, Volusia County Property Appraiser
921 N. Nova Rd.
Holly Hill, Florida 32117-4121
Phone: (386) 254-4621 / Fax (386) 239-7717