What is the TPP $25,000 business exemption and how do I apply?

Florida Statute 193.052 requires that all tangible personal property be reported each year to the Property Appraiser's Office. In order to qualify for the TPP exemption, businesses must file a DR-405, Tangible Personal Property tax return with the Property Appraiser's office by April 1st. The exemption is applied to the first $25,000 of taxable value on your tangible personal property assets.

Forms are available on their website. Click here to download.