Free Florida business tax tool
Florida tangible personal property tax calculator
Every Florida business files Form DR-405 with its COUNTY property appraiser by April 1, and the first $25,000 of assessed value is exempt. The rate is set by your taxing district, so it changes at the city line, not the county line.
2025 Fla. Stat. 196.183
Tangible personal property is taxed by the district the property sits in on January 1, not by where the owner lives.
Addresses inside the Downtown Development Authority boundary carry code 0101. Everywhere else in the city is 0100.
What the business owns
Original installed cost, not book value and not what you could sell it for. Report it the way it went on the books, including items you have already fully depreciated for income tax. Assets bought after January 1, 2026 go on next year's return.
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Your estimated bill
- Office furniture and equipment4 years old, index 1.05, 67% good
- $21,105.00
- Personal computers2 years old, index 1.04, 65% good
- $13,520.00
- Machinery and manufacturing equipment6 years old, index 1.37, 49% good
- $46,991.00
- Total assessed value
- $81,616.00
- Less the $25,000 exemption
- -$25,000.00
- Taxable valueMillage 19.9878 · City of Miami
- $56,616.00
- Estimated annual tax
- $1,131.63
What the $25,000 exemption is worth
Without it, the same equipment at the same rate would cost $1,631.32 a year. The exemption is the difference, and it is conditional.
What it costs to skip the return
The exemption does not apply in any year the return is not timely filed, and Florida adds a penalty of 25% of the tax for each year no return is filed. On these numbers that is $2,039.16 a year instead of the figure above. Late but filed is 5% a month to a maximum of 25%.
The same equipment in another district
Same assets, same year, same exemption. Only the district changes.
- Homestead20.9465$1,185.91
- Brickell20.3778$1,153.71
- Coconut Grove19.9878$1,131.63
- South Miami18.9727$1,074.16
Where these numbers come from
Authority
- $25,000 exemption: Fla. Stat. 196.183
- Filing: Fla. Stat. 193.052 and 193.062
- Penalties: Fla. Stat. 193.072
- Index factors: Florida Department of Revenue, Equipment Index Factors 2026 (National Average), Property Tax Oversight Program, rev. 1/15/2026
- Depreciation: Florida Department of Revenue, Untrended Depreciation Schedule (for use on replacement cost new), Property Tax Administration, based on Marshall Valuation Service Sec. 97
- Millage: Fla. Stat. 200.065 and 200.001; county property appraiser certified millage tables
Miami-Dade County Property Appraiser, 2025 Adopted Millage Rates chart. See the county source
Effective year
Millage is certified by each taxing authority in September under Fla. Stat. 200.065. The rate here is the most recent CERTIFIED year, which is 2025. The 2026 rate is adopted at hearings in September 2026 and will move the answer.
Last confirmed: 2026-08-30
What this does not model
- A county property appraiser's own depreciation table. The Department of Revenue lets a county substitute a comparable table county-wide, and several do, so a county's percent good can differ from the schedule used here.
- Condition. The Department's table assumes average condition, and an appraiser can adjust for equipment that is worn out or unusually well kept.
- Inventory held for resale, which is exempt, and licensed vehicles, which are taxed through the tag rather than on this return.
- Leased equipment you hold for someone else. It still gets reported, on a separate schedule, and the tax follows the lease terms.
- Non ad valorem assessments on the same bill, such as fire or solid waste fees, which are flat charges and not millage.
- The seven Florida cities whose district rate is not loaded. Those are named rather than guessed.
This is an estimate
It is arithmetic on the figures you entered, using published tables. It is not tax advice, it is not an appraisal, and it is not a filing. The property appraiser sets the assessed value, and their number is the one that counts. Form DR-405 is due April 1.
DR-405 due April 1?
We prepare the tangible return with the fixed asset schedule that comes out of your books, so the equipment you sold three years ago stops being taxed. It is part of the monthly subscription.
The same equipment, thirteen miles apart
Take $120,000 of equipment bought across six years: office furniture, computers and machinery. Index the cost up to replacement cost new, take the Department of Revenue's percent good off for age, and the assessed value comes to $81,616.00. Subtract the $25,000 exemption and $56,616.00 is taxable.
In Homestead that is taxed at 20.9465 mills and costs $1,185.91 a year. In Key Biscayne it is 15.5108 mills and $878.16. Same county, same equipment, same exemption, $307.75 apart. Across every district in this register the rate runs from 14.8815 to 22.0571.
The $25,000 exemption has a string attached
Fla. Stat. 196.183 gives each return up to $25,000 of assessed value free of tax, and unlike homestead it comes off school millage too. But the statute says plainly that the exemption does not apply in any year the taxpayer fails to timely file. File once, come in under the line, and the property appraiser can waive the annual return from then on. Never file at all and you lose the exemption AND take 25% on top: $2,136.96 on the Homestead example instead of $1,185.91.
How the value is actually built
Just value equals original installed cost times an index factor times a percent good. The index factor trends what you paid up to what the same thing costs now. The percent good takes it back down for age against the asset's economic life, which is why a four year old computer and a four year old sign are nowhere near the same number. Both tables are the Department of Revenue's, published with the Florida Tangible Personal Property Appraisal Guidelines.
Report what you still own, and only that
The single most common error we clean up is a return that still lists equipment sold or scrapped years ago, because the schedule was copied forward. The second is leaving off fully depreciated items that are still in use, which the form asks for by name. Both are fixable, and both are cheaper to fix before the appraiser finds them than after.
Where we refuse to answer
Seven of the thirty Florida cities on this site get no number here. Palm Beach County publishes each taxing authority's rate but no certified total per city, and whether an address sits inside the county Fire Rescue MSTU or the Library district moves the answer by several mills without following city limits. Collier publishes no reachable table. Guessing would be worse than saying so, so we say so.