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| General
Information |
Tangible personal property taxes
are ad valorem taxes based on the values of the following three categories
of property:
 | Businesses : furnishings, fixtures, signs, supplies, and
equipment used in the operation of a business. |
| Mobile Home Attachments (when the land is rented): all
attachments and additions, such as a carport, utility shed, Florida room
or screened porch. |
| Rental Furnishings: furnishings and appliances provided in the
rental property. |
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| With the exception of mobile home attachments, tangible personal
property is normally assessed and taxed on the basis of information
supplied on a tax return filled out by the owner of the property.
This form is filed with the Property Appraiser between January 1st and
April 1st of each year. Failure to file or late filing of a tax
return is subject to penalties. If you have any questions regarding
a tax return, contact the Property Appraiser at (941) 861-8200. |
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| * Effective January 1, 2008, tangible personal
property values are subject to a $25,000 exemption if a return is filed
with the Property Appraiser. For more information from the
property appraiser's web site,
click here. |
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When must tangible taxes be paid? |
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| Tangible taxes must be paid at the same time as real estate taxes.
Discounts are accepted according to the POSTMARK of your payment.
Tax bills are mailed out in November of each year with the following
discounts in effect for early payment: |
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| 4% if paid in November |
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| 3% if paid in December |
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| 2% if paid in January |
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| 1% if paid in February |
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| No discount in March |
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| If your taxes are at least $100.00, you may choose to pay next
year's taxes in installments. For more information
click here, email
Info@SarasotaTaxCollector.com
or call (941) 861-8340, option 3. |
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What happens when tangible taxes are not paid? |
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| Beginning April 1st, unpaid accounts accrue a $10 delinquent penalty,
a 20% delinquent collection fee and interest of 1 1/2% per month. According to Florida law, the
names of persons or businesses with unpaid tangible personal property
taxes are advertised in the newspaper. The cost of the advertising
is added to the delinquent tax bill. A written lien (also called a
warrant) is then issued on all unpaid accounts and notification is sent to
the owner named on the tax roll. |
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| If taxes are still not paid, the Tax Collector must petition the
Circuit Court to have a judge "confirm" a warrant that
authorizes the Tax Collector to seize and sell the personal property to
pay the taxes. The court
costs are added to the delinquent tax bill. If the property cannot be located or is sold for less than the amount due,
all other personal property of the taxpayer is subject to seizure and
sale. |
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| If you are having difficulty paying your tangible taxes, call (941)
861-8300 to determine any options you may have. |
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Who is responsible for the tax if the property
is bought or sold? |
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| The tangible personal property tax bill is issued to the owner of the
property as of January 1 of the tax year assessed. This owner is
responsible for the tax bill for that year. Any proration of taxes
must be handled between the buyer and seller. |
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| Even though the warrant is issued in the owner's name, it is important
to note that the "lien" attaches to the tangible property. If taxes
remain unpaid, this lien survives the sale or transfer of the property.
Therefore, it is very important to verify that tangible taxes are paid
prior to the purchase of a business, mobile home or rental property. |
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