Section 193.052, Florida Statues, requires that all Tangible Personal. Every business owner in Florida needs to file DR405, the tangible personal property tax return.Complete the online form if you own property used for commercial purposes that is not included in the assessed value of your business' real property. 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. The deadline for filing a timely return is April 1. Section 193.052, Florida Statutes, requires that all tangible personal property be reported each year to the Property Appraiser's office. Who must file a personal property return? Florida Department of Revenue. Owning tangible personal property used in a business, commercial venture, or rental property, is required to file an initial return with the Property Appraiser. Joint owners may choose to title the property in one partner's name only, or in the name of a trust or business entity.
