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 Property Statement Without Holdback In Hillsborough
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State:
Multi-State
County:
Hillsborough
Control #:
US-00123
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Word;
Rich Text
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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.
Each TPP tax return is eligible for an exemption up to $25,000 of assessed value. If the property appraiser has determined that the property has separate and distinct owners and each files a return, each may receive a $25,000 exemption.
6016. "Tangible personal property." "Tangible personal property" means personal property which may be seen, weighed, measured, felt, or touched, or which is in any other manner perceptible to the senses.
Tangible personal property is a tax term describing personal property that can be felt or touched and physically relocated, such as furniture, office equipment, machinery, and livestock.
Primary tabs. Tangible personal property is mainly a tax term which is used to describe personal property that can be felt or touched, and can be physically relocated. For example: cars, furniture, jewelry, household goods and appliances, business equipment.
Tangible Personal Property includes all furniture, fixtures, tools, machinery, equipment, signs, leasehold improvements, leased equipment, supplies and any other equipment that may be used as part of the ordinary course of business or included inside a rental property.
The millage, or rate of taxation, is set by the Board of County Commissioners, School Board, City Council and governing bodies of other independent special taxing districts and authorities. The millage is set by calculating a rate per $1,000 valuation that will produce their budget needs from ad valorem taxes.
The Property Appraiser establishes the taxable value of real estate property. The millage, or rate of taxation, is set by the Board of County Commissioners, School Board, City Council and governing bodies of other independent special taxing districts and authorities.
Qualifications. At least one owner is 65 years of age or older on January 1. The residence must also receive homestead exemption.
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This depreciation is the "holdback" element that the insurance company reduces from the replacement cost based on the age, condition and item involved. Tangible Personal Property Tax is an ad valorem assessment against the furniture, fixtures, and equipment located in businesses.How Do I File a TPP Return? Can I file my declaration online?