This form is a contract for the lease of personal property. The lessor demises and leases to the lessee and the lessee takes and rents from the lessor certain personal property described in Exhibit "A".
Personal Assets With Examples In Hillsborough
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State:
Multi-State
County:
Hillsborough
Control #:
US-00123
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FAQ
A person can file a quitclaim deed by (1) entering the relevant information on a quitclaim deed form, (2) signing the deed with two witnesses and a notary, and (3) recording the deed at the county comptroller's office. In Florida, quitclaim deeds must have the name and address of both the grantor and the grantee.
NOC instructions Make sure that the NOC is recorded and certified at the Clerk's office then you can upload it on the HillsGovHub portal.
Identifying a lien If not known, verify owner of record by searching the owner name, address, or folio number of the property on the Property Appraiser's website. Check the property address for liens. Verify and obtain the lien information in the Clerk of Circuit Court Records.
Tangible personal property can be subject to ad valorem taxes, meaning the amount of tax payable depends on each item's fair market value. In most states, a business that owned tangible property on January 1 must file a tax return form with the property appraisal office no later than April 1 in the same year.
Florida Statute defines TPP as “all goods, chattels, and other articles of value (but does not include vehicular items) capable of manual possession and whose chief value is intrinsic to the article itself.”
Types of Exemptions Government Agency Loans, Industrial Loans, and Aircraft Liens: Certain types of mortgage transactions are exempt from the intangible tax. This includes loans provided by government agencies, mortgages associated with industrial purposes, and those secured by a lien on aircraft.
Every new business owning tangible personal property on January 1 must file an initial tax return. In any year the assessed value of your tangible personal property exceeds $25,000, you are required to file a return. Taxpayers who lease, lend or rent property must also file a return.
You can find detailed information on a parcel of property, including who owns it, the assessed and market value, and some tax information through the Hillsborough County Property Appraiser's website.
Some tenants and property owners ask the question of: “Is leasehold improvement an intangible asset?” In short, leasehold improvements are not intangible. Rather, these improvements are tangible additions or enhancements made to a property.
Tangible personal property (TPP) is everything other than real estate that is used in a business or rental property. Examples of tangible personal property are computers, furniture, tools, machinery, signs, equipment, leasehold improvements, supplies, and leased equipment.