Florida Statute defines TPP as “all goods, chattels, and other articles of value (but does not include vehicular items) capable of manual possession and whose chief value is intrinsic to the article itself.”

Personal use property is used for personal enjoyment as opposed to business or investment purposes. These may include personally-owned cars, homes, appliances, apparel, food items, and so on.

Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes.

Personal property can be characterized as either tangible or intangible. Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Digital assets, patents, and intellectual property are intangible personal property.

Tangible personal property (TPP) is all goods, property other than real. estate, and other ar�cles of value that the owner can physically possess and that have intrinsic value. Inventory, household goods, and some vehicular items are excluded (see sec�on 192.001(11)(d), Florida Statutes (F.S.)).

(19) “Tangible personal property” means and includes personal property which may be seen, weighed, measured, or touched or is in any manner perceptible to the senses, including electric power or energy, boats, motor vehicles and mobile homes as defined in s.

Personal Property Personal belongings such as clothing and jewelry. Household items such as furniture, some appliances, and artwork. Vehicles such as cars, trucks, and boats. Bank accounts and investments such as stocks, bonds, and insurance policies.

Personal property depends on a surprisingly simple test: Can you physically move it? The outcome of that test determines the distinction between real property and personal property, which in turn has real implications for taxation.

More info

Complete this form if you own property used for commercial purposes that is not included in the assessed value of your business' real property. Proof of Ownership: In general, the recorded Deed or Co-op Proprietary Lease must be held in the name(s) of the individuals applying for Homestead.If you have questions about completing deed forms or other issues related to deeds, including transferring property, you should consult an attorney. Personal Property: Can only levy upon property titles in the name of the Debtor. If the property is held jointly, judgment must be against both parties. All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. The Florida homestead exemption is a property tax break that's offered based on your home's assessed value and provides exemptions within a certain value limit. Personal Property: Can only levy upon property titles in the name of the Debtor. If the property is held jointly, judgment must be against both parties. Please contact the Evidence Unit to make sure authorization has been received prior to arrival.

Personal Use Property Examples In Broward

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

What is considered personal property in Florida?

What are examples of personal use property?

What is considered personal use of a property?

Which of the following are examples of personal property?

What is personal property in Florida?

Is a car considered personal property in Florida?

What are the 4 types of personal property?

How is personal property determined?

More info

Trusted and secure by over 3 million people of the world’s leading companies