Palm Beach County Property Tax Return
If you own a business or lease property in Palm Beach County and use tangible assets such as furniture, machinery, tools, or equipment, you are likely required to file a Tangible Personal Property (TPP) Tax Return, known as Form DR-405. This annual filing helps the county assess taxes on business-owned property and is separate from your real estate taxes.
What Is Tangible Personal Property?
Tangible personal property includes physical, movable items used in a business setting—think of computers, signage, office furniture, restaurant equipment, or salon chairs. In Florida, businesses are taxed on these assets through a local ad valorem tax system. In Palm Beach County, the Property Appraiser’s Office manages the valuation process, while the Tax Collector’s Office handles billing and payment collection.
Filing Requirements and Deadlines
You must file Form DR-405 with the Palm Beach County Property Appraiser’s Office by April 1 each year. The return should reflect all tangible assets owned or used by your business as of January 1. If your total assessed value is $25,000 or less, and you’ve applied for the exemption, you may not need to file annually. However, first-time filers and businesses that have not opted out must still submit the form to remain compliant.
Failing to file or filing late can result in penalties and the loss of any exemption you may otherwise be entitled to.
How to File Online
Filing online is the easiest and most efficient method. Here’s how:
- Visit the Palm Beach County Property Appraiser’s website at pbcpao.gov.
- Navigate to the “E-File Tangible Return” section.
- Use your tangible account number or PIN (provided on your annual TPP reminder notice) to access your account.
- Complete all required fields, including descriptions, purchase dates, and original costs of assets.
- Submit the form electronically and print or save a confirmation for your records.
If you prefer, you can also mail a paper version of Form DR-405 to the Property Appraiser’s office, but online filing ensures faster processing and instant proof of submission.
Stay Compliant Year After Year
To avoid penalties and stay organized, mark your calendar with the April 1 deadline, review your asset list annually, and file early if possible. Whether you’re a small business owner or a tax professional managing client accounts, following this process ensures you stay compliant with Palm Beach County’s tangible personal property tax requirements. If you need assistance, contact Dimov Tax today for professional aid.