Florida law provides for property tax exemption(s) to eligible nonprofit organizations that own and use their property for charitable, religious, literary, educational, or scientific purposes.
When someone owns property and makes it his or her permanent residence or the permanent residence of his or her dependent, the property owner may be eligible to receive a homestead exemption that would decrease the property's taxable value by as much as $50,000.
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.
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.
Anyone who provides merchandise or services to the public, even if only a one-person company or home-based business, must obtain the business tax receipt in order to operate. If the business location is within the city limits, a city-issued business tax receipt is first required, as well.
Tangible personal property (TPP) is all goods, property other than real. estate, and other ar�cles of value that the owner can physically possess and that have intrinsic value.
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).
For additional information contact our office by calling 305-270-4916 or email proptax@miamidade. The Miami-Dade Office of the Tax Collector is charged with the duty of collecting taxes and distributing them to local governments. The Tax Collector does not set the taxes.
Miami sales tax details The minimum combined 2025 sales tax rate for Miami, Florida is 7.0%. This is the total of state, county, and city sales tax rates. The Florida sales tax rate is currently 6.0%. The Miami sales tax rate is 0%.