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Deadline for Tangible Personal Property Taxes Nears

West Palm Beach , FL - Deadline for Tangible Personal Property Taxes Nears

Anne Gannon, Constitutional Tax Collector, issued a reminder that close of business on May 31, 2011 is the deadline for payment of delinquent 2010 Tangible Personal Property Taxes. After that date, Florida law requires Tax Collectors to prepare warrants and file them with the Palm Beach County Clerk & Comptroller.  Gannon reports that 3,879 businesses are delinquent on their 2010 Tangible Personal Property Taxes.  “I know that the economy is tough and that businesses are struggling.  However, the penalty for non-payment is costly.  I encourage our business owners and executives to focus on paying off these delinquent taxes,” said Gannon.  “My office is required by law to prepare warrants for uncollected taxes and this will ultimately result in the seizure of business property.” 

Tangible Personal Property (TPP), is defined by Florida Statute as “all goods, chattels, and other articles of value (but does not include vehicular items) capable of manual possession and whose chief value is intrinsic to the article itself. Inventory and household goods are expressly excluded from this definition.”  This means that any business with furniture, fixtures and/or equipment valued over $25,000 must pay Tangible Property Taxes. If the collective value is less than $25,000, no taxes are assessed but the business is still required to file a Tangible Personal Property Tax Return Form with the Property Appraiser Office by April 1.  The Property Appraiser’s Office is responsible for setting the property value(s) of this business tax.  The Constitutional Tax Collector is responsible for collecting the tax. 

“As a former business owner, I understand that these are difficult times for many businesses,” said Gannon.  “But the other side of this coin is that our community faces $5.3 million in uncollected taxes.  These dollars provide essential services to our community.” 

Delinquent Tangible Personal Property Taxes cannot be paid online.  The tax payer must either pay in person at a Tax Collector Service Center or by mail to Constitutional Tax Collector, Post Office Box 3353, West Palm Beach, Florida  33402-3353.  Mail and Service Center payments must be received not post-marked, by close of business May 31, 2011.

Release Date: 
Tuesday, May 10, 2011
Contact Information: 
Contact: Anne Gannon, Constitutional Tax Collector
  (561) 355-4271
KClarke@pbcgov.org

 

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