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 Document With No Intrinsic Value Called In Miami-Dade
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State:
Multi-State
County:
Miami-Dade
Control #:
US-00123
Format:
Word;
Rich Text
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FAQ
Intangible property is property that does not have a physical existence or that may not be felt, weighed or relocated or (for other reasons) is not considered to be tangible property.
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.
A taxpayer may be waived from filing the Tangible Personal Property Tax Return (DR-405) if: The prior year value was less than $25,000. The current value remains less than $25,000 (i.e. no new purchases over the past year).
Examples of intangible personal property are copyrights, patents, intellectual property, and investments. Assets that can be represented with social or reputational capital also qualify as intangible personal 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.
Include on your return: Goods, chattels, and other articles of value (except certain vehicles) that can be manually possessed and whose chief value is intrinsic to the article itself. 2. Inventory held for lease. Examples: equipment, furniture, or fixtures after their first lease or rental.
Tangible Personal Property (TPP) means all goods, chattels, and other articles of value (excluding some vehicular items) capable of manual possession and whose chief value is intrinsic to the article itself. Inventory and household goods are excluded (section 19​2.001(11)(d)​, F.S.)​.
The DR-405 (Tangible Personal Property Tax Return) must be completed to accurately reflect the assets utilized by the business. If a paper form is being filed, the original form must be signed by the owner or authorized agent for the business and delivered to the Property Appraiser's office.
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.
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The Value Adjustment Board holds hearing and delivers decisions if property owners dispute their proposed property tax assessment. The forms may be sworn to before the deputy clerk or a notary public.After completing the forms, file all documents with the clerk along with the filing fee. By recording your judgment, you will have a lien against any non-exempt real property in. B) Under no circumstances should an employee punch in or out on behalf of another employee. Pro-Se filers may file court documents in the Probate division. Disposition of Personal Property without Administration.