Tangible Personal Property Tax

 

Tangible personal property tax is applied to businesses that have furniture, fixtures and/or equipment.

Do I Need to Come In?

Pay Online
Did you know current or delinquent tangible personal property taxes can be paid online? Make your payment using eCheck – it’s FREE. You may also use a credit or debit card but keep in mind that a 2.4% convenience fee applies (min. $2.00). Convenience fees are collected by the credit/debit card vendor and are not retained by our office.

Pay by mail
Just drop your payment in the mail and enjoy your day! Payment typically take 10-12 business days to process.

Pay using our secure drop box
Want to cut down a little on the payment processing time? Then drop your payment off using our secure drop box which is located inside each of our service centers. Just keep in mind that you need to drop your payment off during regular business hours. We do not provide 24/7 access to our drop boxes.

How Tangible Personal Property Tax is Calculated

The Property Appraiser’s Office determines the value of tangible personal property. If valued at $25,000 or less, you must file an initial return but do not need to pay tangible personal property tax. If your tangible personal property value remains below $25,000, there is no requirement to file subsequent returns.

If you have any questions about your assessments, please contact the Property Appraiser’s Office at (561) 355-2896 or mytpp@pbcgov.org.

Your Tangible Personal Property Tax Bill

Tangible personal property tax bills are mailed November 1. Click here to view, print or pay your tangible personal property tax bill.

Discounts and Due Dates

Tangible personal property tax is payable November 1 – March 31 every year. Discounts for early payment are:

  • 4% in November
  • 3% in December
  • 2% in January
  • 1% in February

Tangible Personal Property Tax FAQs

What is Tangible Personal Property tax?

Tangible personal property taxes are assessments on assets used in a business, such as furniture, fixtures, machinery, equipment, appliances, tools, signs, supplies and leased equipment.

Who determines the value of personal tangible property?

The Property Appraiser’s Office of Palm Beach County.

How is the amount of the tangible personal property tax bill determined?

When filing your Tax Return with the Property Appraiser’s Office, be sure to report all assets, including fully depreciated and expensed assets. Provide the asset description original installed cost, year acquired and your estimate of value. The Property Appraiser’s office makes the final determination.

My assests are less than $25,000 do I have to pay tangible personal property tax?

If the business assets are worth a total of $25,000 or less the business does not have to pay the tangible personal property tax. However, you must file an initial Tangible Personal Property Tax Return form with the Property Appraiser’s office for approval of the exemption

Why is there a penalty on my tangible personal property tax bill?

The penalty is determined by the Property Appraiser’s Office and affects any taxpayer who fails to file a return by the March 31 deadline. For more information, contact the Property Appraiser’s Office at (561) 355-2896.

Why did I receive a tangible personal property tax bill if I filed for Bankruptcy?

Tangible Personal Property tax bills are sent regardless of bankruptcy status. This bill gives you the opportunity to verify the value of your personal property, which may be assessed during your bankruptcy proceedings.

I went out of business. What should I do?

If you were in business as of January 1, of the assessment year, your tax bill is valid and must be paid. In addition, you must notify the Property Appraiser’s office at (561) 355-2896. Inform their office that you are no longer in business, so they do not assess you for the next year.

Installment Payment Plan

We offer a quarterly Installment Payment Plan to make paying real estate and tangible personal property taxes easier on your budget. The plan divides your taxes into four installments: June, September, December and March. Pay quarterly and receive a discount slightly under 4%.

Enrollment opens November 1 for the 2021 property tax season.

First Time Applicants Important Note: Once you have completed your application, you are officially enrolled in the plan by making the first payment in June. If this payment is not received, you will not be enrolled in the Installment Payment Plan.

Current Plan Participant Important Note: You do not need to reapply. Plan participation is automatically renewed by making the June payment.

Save money by signing up for the property tax installment payment plan.

Installment Payment Plan FAQs

How is my payment calculated?

A taxpayer who uses the installment method pays an estimated tax equal to the actual taxes for the preceding year. The payment schedule is:

  • 1st Installment – Due Jun. 30 – 1/4 the total estimated taxes discounted 6%
  • 2nd Installment – Due Sep. 30 – 1/4 the total estimated taxes discounted 4.5%
  • 3rd Installment – Due Dec. 31 – 1/2 the remaining balance after June and September payments are applied discounted 3%
  • 4th Installment – Due Mar. 31 – 1/2 the remaining balance after June and September payments are applied
What if I missed a payment?

If you missed the June payment, you will be removed from the Installment Payment Plan. Property taxes will be due in one lump sum beginning Nov 1 and payable through Mar 31.

If you missed the September payment, this amount becomes due with the December installment. The same is true if you miss the December payment, this amount becomes due with the March installment.

Any amount remaining unpaid on April 1 becomes delinquent.

How do I stop participating in the Installment Payment Plan?

Cancelling participating in the Installment Payment Plan is easy. Simply, do not make the first installment payment due in June. Once this is done you will not receive any additional installment payment bills. Property taxes will be due in one lump sum beginning Nov 1 and payable through Mar 31.

Verify Payment of Tangible Personal Property Tax

Tax liability follows the personal property, not the owner. Click here to verify tangible personal property tax is paid before purchasing a business, mobile home or rental property. 

If you buy a business and the tangible personal property tax has not been paid, then a warrant (lien) remains with the tangible personal property. The tangible personal property remains subject to sale and seizure to satisfy all outstanding debt.

Although the warrant can be issued in the name of the former owner, the lien attaches to the tangible personal property. If taxes remain unpaid this lien survives all sales or transfers of the tangible personal property.

Tax liability follows the personal property, not the owner.

Delinquent Tangible Personal Property Tax

Tangible personal property tax is delinquent April 1 and fees apply. A third party collects delinquent tangible personal property tax on our behalf. There is a 20% collection fee added to the total gross amount due. Within 45 days after delinquency, the property is advertised in a local newspaper and advertising costs are added.

The tax warrants are issued in June on all delinquent tangible personal property taxes. Within 30 days, the Constitutional Tax Collector applies to the Clerk & Comptroller’s Office for an order directing levy and seizure of the property for the amount of unpaid taxes and costs.

Petition for Validation of Tax Warrants
Ex-Parte Motion to Limit Service of Pleadings
Ex-Parte Order Limiting Service of Pleadings
Motion Requesting One Hour Hearing on Petition for Validation of Tax Warrants
Order Specially Setting For Telephonic Hearing
Notice From the Clerk

Note: These documents and forms may be reproduced upon requrest in an alternative format by contacting the Palm Beach County Tax Collector’s ADA Coordinator 561-355-1608, Florida Relay 711 or by completing our accessibility feedback form.

Helpful Tip

Didn’t receive your tangible personal property tax bill? Verify the Property Appraiser’s Office has your correct address by contacting their office at (561) 355-2896 or mytpp@pbcgov.org

Delinquent Tangible Personal Property Tax FAQs

What happens if I don’t pay the delinquent tangible personal property tax bill

Your assets will be in jeopardy of being seized for the unpaid taxes and costs. If the assets have been sold, removed or discarded, the taxpayer is still responsible for the delinquent tax due.

I was contacted by Revenue Recovery Solutions, who are they?

They are a third-party company that collects delinquent tangible property taxes on behalf of the tax collector.

Why did I receive a letter from your office about a court hearing.

Tax warrants are issued in June on all unpaid Tangible Personal Property taxes.  The Constitutional Tax Collector applies to the Clerk & Comptroller for an order directing levy and seizure of the property for unpaid taxes and costs.

What happens if I don’t show up to the court hearing?

Appearance in court is only to contest the bill.  Appearance is not necessary, as the warrant will get ratified, which grants the Palm Beach County Tax Collector rights to seize and auction assets associated with the bill to satisfy the lien.

I received a letter from the Clerk of Court. What does “Final Judgment” mean?

Final Judgment grants the Palm Beach County Tax Collector rights to seize and auction assets associated with the bill to satisfy the lien.

Tax Warrants

Tax warrants are issued June 1 on all unpaid tangible personal property taxes. Within 30 days, our agency files a petition with the Clerk and Comptroller for an order directing levy and seizure of the property. If the Clerk and Comptroller finds the taxes that appear on the tax roll are unpaid, the court shall issue its order directing levy and seizure of the tangible personal property.