ACPA - 405 TANGIBLE PERSONAL PROPERTY TAX RETURN - acpafl 2026

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  1. Click ‘Get Form’ to open the ACPA - 405 TANGIBLE PERSONAL PROPERTY TAX RETURN in the editor.
  2. Begin by entering your Tangible Account Number and RP Parcel Number at the top of the form. Ensure these details are accurate to avoid any processing issues.
  3. Fill in your business name, mailing address, and contact information. If there are any discrepancies, make necessary corrections directly in the fields provided.
  4. Complete Section 1 by providing the name and telephone number of the owner or person in charge, along with the date you began business in this county.
  5. In Section 2, describe the actual physical location of your property. Remember to provide a street address instead of a P.O. Box.
  6. Proceed to Schedules #1 and #2 to list leased equipment and owned equipment rented out. Fill in all required fields accurately for compliance.
  7. Finally, review all entries for completeness before signing and dating your return. Unsigned returns cannot be accepted.

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Recent Trends in Tangible Personal Property Taxation State2006 Personal Property2017 Personal Property California 4.11% 5.20% Colorado 12.06% 6.90% Connecticut 6.09% 13.28% Florida 7.43% 7.00%29 more rows Aug 6, 2019
Tangible personal property is anything your business owns that is movable. This property can include office furniture and supplies, machinery, tools, and vehicles. Like real property, tangible personal property tax is assessed based on the presumed value of the assets.
Florida Tangible Personal Property Tax Your rental property is considered business property and, as such, you must pay a separate tax on the value of your property furnishings. This tax is in addition to your annual Real Estate or Property Tax.
Who must file? Anyone in possession of assets on January 1 who has either a proprietorship, partnership, corporation or is a self-employed agent or contractor must file each year. Property owners who lease, lend or rent property must also file.
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.

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Many states impose taxes on TPP. These taxes are in addition to the taxes on real property such as land and buildings used to help fund various services such as schools, roads, and emergency medical services. TPP taxes are regulated at the state level but are levied primarily by local governments.
Tangible Personal Property Tax is an Ad Valorem tax assessed against the furniture, fixtures, and equipment located in businesses and rental properties. Tangible Personal Property Tax also applies to structural additions of a mobile home.
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. (Added by Stats. 1941, Ch. 36.)