In this quick guide, we'll explain what a Florida tangible property tax return is and what to do if your business operates out of Florida. How Do I File a TPP Return?Tangible Personal Property Tax is an ad valorem tax assessed against the furniture, fixtures and equipment located in businesses and rental property. Any person 18 years or older or any individual doing business as a company can file a small claims case. Personal Property: Can only levy upon property titles in the name of the Debtor. Having trouble viewing our website? If you are a contractor, a copy of your Broward County Certificate of Competency or State Certification is required. As a business owner, you have to file a Florida tangible personal property tax return (DR405), or TPP for short. Back to Top; How do I get started? Property taxes in Florida come in a bit below national averages.