Dr 405 Form PDF Details

The DR-405 form plays a crucial role for businesses in managing their tangible personal property tax responsibilities. Known formally as the Tangible Personal Property Tax Return, it requires businesses to report all tangible personal property used commercially that isn't included in the assessed value of the business's real property. The form, which includes sections for providing details about the property's location, original cost, and fair market value, must be filed with the County Property Appraiser by April 1 to avoid penalties. It encompasses a broad range of assets, from office furniture and computers to machinery and leased equipment, making thorough reporting essential. Additionally, by timely filing the DR-405, businesses can apply for an exemption up to $25,000, underlining the form's significance in minimizing tax liabilities. The form also addresses situations where business ownership changes occur, requesting details about any sales and the new owners. Penalties for failing to file or late filings underscore the importance of the DR-405 in maintaining compliance with Florida's tax laws, which aim to ensure that all tangible personal property utilized in a commercial setting is appropriately accounted for and taxed.

QuestionAnswer
Form NameDr 405 Form
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namesproperty tax tangible personal, florida tangible personal property tax, tangible property personal tax return, state of florida broward county petition for return of property

Form Preview Example

TANGIBLE PERSONAL PROPERTY TAX RETURN

CONFIDENTIAL

DR-405, R. 01/18

Rule 12D-16.002, F.A.C.

Eff. 01/18

Enter your account number, name, and address below. Mail this form to your County Property Appraiser.

Account number

Name and address

Return to property appraiser by April 1 to avoid penalty.

County Tax year

Business name (DBA-Doing Business As) and mailing address:

Federal Employer

 

 

-

 

 

 

 

 

 

 

Identification Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NAICS

If name and address is incorrect, please make needed corrections.

1. Owner or person in charge

 

Phone

 

 

 

 

 

Business/corporate name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2. Physical location

 

 

 

 

 

 

 

 

 

 

 

 

 

(no PO Boxes)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3. Do you file a TPP tax return under any other name?

 

 

Yes

 

No

 

 

 

 

 

 

 

Name on most recent return or tax bill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4. Date you began business in this county

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5. Fiscal year

If before 12/31 last year, does this return reflect

 

 

end date

additions/deletions through Dec 31?

 

 

 

Yes

 

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6. Type or nature of your business

 

 

 

 

 

 

 

 

 

 

Trade levels (check all that apply)

 

Retail

 

 

Wholesale

 

 

 

 

 

 

Manufacturing

 

Professional

 

Service

 

 

Agricultural

 

 

 

 

 

 

 

 

Leasing/rental

 

Other, specify:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7. Did you file a TPP return in this county last year?

 

 

 

 

No

 

 

Yes

 

 

 

Name and

 

 

 

 

 

 

 

 

 

 

 

 

 

location

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8. Former owner of business

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9. If sold, to whom?

 

 

 

 

Date sold

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal Property Summary Schedule - Enter totals from page 2 or from an

Taxpayer's Estimate

Original Installed

For Property

attached itemized list or depreciation schedule with original cost and date of acquisition.

of Fair Market Value

Cost

Appraiser Use Only

10

Office furniture, office machines, and library

 

 

 

 

11

EDP equipment, computers, and word processors

 

 

 

 

12

Store, bar and lounge, and restaurant furniture, equipment, etc.

 

 

 

 

13

Machinery and manufacturing equipment

 

 

 

 

14

Farm, grove, and dairy equipment

 

 

 

 

15

Professional, medical, dental, and laboratory equipment

 

 

 

 

16

Hotel, motel, and apartment complex

 

 

 

 

16a Rental units (stove, refrigerator, furniture, drapes, and appliances)

17Mobile home attachments (carport, utility building, cabana, porch, etc.)

18Service station and bulk plant equipment (underground tanks, lifts, tools)

19Signs (billboard, pole, wall, portable, directional, etc.)

20Leasehold improvements - grouped by type, year of installation, and description

21Pollution control equipment

22Equipment owned by you but rented, leased or held by others

23Supplies not held for resale

24 Renewable energy source devices

25Other, specify:

TOTAL PERSONAL PROPERTY

I declare I have read this tax return and the accompanying schedules and statements. The facts in them are true. If prepared by

$25,000

Less

 

someone other than the taxpayer, the preparer signing this return certifies that this declaration is based on all information he or

Widowed

Exemptions

 

she has knowledge of.

 

 

 

 

 

Signature

 

 

 

 

Blind

Taxable

 

taxpayer

Print name

Title

DATE

 

Total disability

Value

 

Signature

 

 

 

 

 

 

 

 

 

Other, specify

 

 

 

 

 

 

 

 

 

 

 

 

 

 

preparer

Print name

Preparer ID

DATE

 

 

 

 

 

Penalties

 

ADDRESS

 

PHONE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sign and date your return, send the original to the county property appraiser’s office by April 1. Unsigned

 

 

 

Signature, deputy

Date

returns cannot be accepted by the appraiser’s office. If you are entitled to a widow’s, widower’s, or disability

 

 

 

 

 

 

exemption on personal property (not already claimed on real estate), consult your appraiser.

 

 

 

 

 

TANGIBLE PERSONAL PROPERTY

DR-405, R. 01/18, Page 2

Report all property owned by you including fully depreciated items still in use.

ASSETS PHYSICALLY REMOVED DURING THE LAST YEAR

Description

Age

Year

Taxpayer's Estimate

Original Installed

Disposed, sold, or traded and to whom?

 

 

Acquired

of Fair Market Value

Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASED, LOANED, OR RENTED EQUIPMENT

Complete if you hold equipment belonging to others.

 

 

 

 

 

 

 

Lease

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name and Address of Owner or Lessor

 

Description

 

 

 

Year

 

Year of

Monthly

 

Original Installed

Option

 

 

 

 

 

 

 

 

Acquired

Manufacture

Rent

 

 

 

Cost

 

Yes No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCHEDULE FOR LINE 22, PAGE 1

Equipment owned by you but rented, leased, or held by others. Enter total on page 1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease

Name/address of lessee

Description

 

Age

Year

 

 

Monthly

 

Term

 

Taxpayer's

Cond*

Original

 

 

 

 

 

 

 

Estimate of Fair

Installed Cost

Number

Actual physical location

 

 

 

 

Acquired

 

 

Rent

 

 

 

 

 

 

 

 

 

 

 

Market Value

 

 

 

 

New

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCHEDULES FOR PAGE 1, LINES 10 - 21 and 23 - 25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

APPRAISER’S

U S E

 

 

ONLY

 

 

Enter line number from page 1.

Age

Year

Taxpayer's Estimate

 

Cond*

Original Installed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of Fair Market Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Description

 

Acquired

 

 

 

 

Cost

 

Cond*

 

VALUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enter totals on page 1.

 

TOTAL

 

TOTAL

 

 

 

Enter line number from page 1.

Age

Year

Taxpayer's Estimate

Cond* Original Installed

 

 

Description

 

Acquired

of Fair Market Value

 

Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

Cond*

VALUE

Enter totals on page 1.

 

TOTAL

 

TOTAL

 

 

 

 

Enter line number from page 1.

 

 

Taxpayer's Estimate

 

 

 

 

 

Age

Year

Cond* Original Installed

 

 

Description

 

Acquired

of Fair Market Value

 

 

Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

Cond*

VALUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enter totals on page 1.

TOTAL

 

TOTAL

 

TOTAL

 

*Condition: enter good, avg (average), or poor.

Add pages, if needed.

See instructions on pages 3 and 4.

INSTRUCTIONS

DR-405, R. 01/18, page 3

Complete this form if you own property used for commercial purposes that is not included in the assessed value of your business' real property. This may include office furniture, computers, tools, supplies, machines, and leaseholdimprovements. Return this to your propertyappraiser's office byApril 1. Keep a copyfor your records.

Report your summary totals on page 1. Use page 2 or an attached, itemized list with original cost and date acquired for each item to provide the details for each category. Contact your local property appraiser if you have questions.

If you ask, the property appraiser will give you an extension for 30 days and may grant an additional 15 days. You must ask for the extension in time for the property appraiser to consider the request and act on it before April 1.

Each return is eligible for an exemption up to $25,000. By filing a DR-405 on time you automatically apply for the exemption. If you do not file on time, Florida Law provides for the loss of the $25,000 exemption.

WHAT TO REPORT

Include on your return:

1.Tangible Personal Property. 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.

3.Equipment on some vehicles. Examples: power cranes,aircompressors,andotherequipmentused primarily as a tool rather than a hauling vehicle.

4.Property personally owned, but used in the business.

5.Fully depreciated items, whether written off or not. Report at original installed cost.

Do not include:

1.Intangible Personal Property. Examples: money, all evidences of debt owed to the taxpayer, all evidence of ownership in a corporation.

2.Household Goods. Examples: wearing apparel, appliances, furniture, and other items ordinarily found in the home and used for the comfort of the owner and his family, and not used for commercial purposes.

3.Most automobiles, trucks, and other licensed vehicles. See 3 above.

4.Inventory that is for sale as part of your business. Items commonly referred to as goods, wares, and merchandise that are held for sale. Also, inventory

is construction and agricultural equipment weighing 1,000 pounds or more that is returned to a dealership under a rent-to-purchase option and held for sale to customers in the ordinary course of business. See section 192.001(11)(c), Florida Statutes.

LOCATION OF PERSONAL PROPERTY

Report all property located in this county on January

1.You must file a single return for each site in the county where you transact business. If you have freestanding property at multiple sites other than where you transact business, file a separate, but single, return for all such property located in the county.

Examples of freestanding property at multiple sites include vending and amusement machines, LP/ propane tanks, utility and cable company property, billboards, leased equipment, and similar property not customarily located in the offices, stores, or plants of the owner, but is placed throughout the county.

PENALTIES

Failure to file - 25% of the total tax levied against the property for each year that no return is filed

Filing late - 5% of the total tax levied against the property covered by that return for each year, each month, and part of a month, that a return is late, but not more than 25% of the total tax

Unlisted property -15% of the tax attributable to the omitted property

RELATED FLORIDA TAX LAWS

§192.042, F.S. - Assessment date: Jan 1 §193.052, F.S. - Filing requirement §193.062, F.S. - Filing date: April 1 §193.063, F.S. - Extensions for filing §193.072, F.S. - Penalties

§193.074, F.S. - Confidentiality §195.027(4), F.S.- Return Requirements §196.183, F.S. - $25,000 Exemption

§ 837.06, F.S. - False Official Statements

See line and column instructions on page 4.

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Writing segment 1 of florida tangible personal property tax

2. Soon after this part is filled out, go on to enter the applicable details in these - Date you began business in this, Fiscal year, end date, If before last year does this, Yes, Name and location, Former owner of business, No If sold to whom, Date sold, Personal Property Summary Schedule, Taxpayers Estimate of Fair Market, Original Installed, For Property, Cost, and Appraiser Use Only.

A way to fill out florida tangible personal property tax step 2

3. The following segment is considered fairly uncomplicated, Other specify, I declare I have read this tax, TOTAL PERSONAL PROPERTY, Signature taxpayer, Signature preparer, Address, Print name, Title, Print name, Preparer ID, Date, Date, Widowed, Blind, and Less - these fields will have to be completed here.

Tips to fill in florida tangible personal property tax portion 3

It's simple to make errors while completing the Other specify, so make sure to reread it before you decide to finalize the form.

4. Filling in Description, Age, Year, Taxpayers Estimate Original, Acquired of Fair Market Value, Cost, LEASED LOANED OR RENTED EQUIPMENT, Name and Address of Owner or Lessor, Description, Year, Year of Monthly Original Installed, Acquired Manufacture Rent, Cost, Lease, and Purchase is crucial in this next section - you should definitely don't rush and be attentive with each and every empty field!

Step number 4 in submitting florida tangible personal property tax

5. As you reach the finalization of this form, you'll notice a few more requirements that have to be met. Notably, Enter totals on page, TOTAL, TOTAL, TOTAL, Enter line number from page, Age, Description, Year, Acquired, Taxpayers Estimate of Fair Market, Cond Original Installed, Cost, Cond, Value, and Enter totals on page must be done.

Best ways to prepare florida tangible personal property tax portion 5

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