Where Form 4797 Tangible 2023-2024

Welcome to the Alachua County Property Appraiser's tangible Department. We have created this presentation to assist you in filling out and filing your tangible personal property tax return, also called Form DR-405. Your tax return is due to the Property Appraiser's office no later than April 1st of each year. Late-filed returns are subject to severe penalties and the loss of the tangible exemption, which is up to $25,000 of assessed value. All businesses are required to file the tangible personal property tax return, unless the filing requirement has been waived by the Property Appraiser. To qualify for a waiver, the business must file their return on time and have a just value of $25,000 or less. Businesses that have been waived from filing are notified by postcard by February 1st of each year. It is the responsibility of the business to file a tangible return if the just value increases above $25,000 in a given tax year. Tangible personal property includes everything other than real estate that is owned or used by the business. Tangible personal property includes, but is not limited to, furniture, machinery and equipment, signs, leasehold improvements, leased or loaned equipment and supplies. Equipment that is fully depreciated on the company's books but remains in possession of the business must be reported. Property that is personally owned but used in the business must also be reported. Additionally, certain business owners, especially heavy equipment contractors who own, rent, or lease equipment that requires a class 94 license tag, must report that equipment. Class 94 vehicles are those vehicles that function as tools themselves and require a specialized tag to move from one job site to another. Examples of class 94 vehicles include mobile cranes, bucket trucks, well drilling rigs, and vacuum trucks. If you are unsure whether your vehicle qualifies...