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Tangible Taxes
In Florida, tangible personal
property taxes refers to ad valorem taxes on the assessed value of furniture, fixtures, and equipment located in
business and/or rental properties and on mobile home additions,
where the owner of the mobile home does not also own the land upon
which it is affixed. Mobile home additions subject to taxation include skirting,
screen rooms, utility sheds, awnings, air conditioning and heating
units.
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STATE PROHIBITION:
Florida's Constitution
prohibits state government from levying ad
valorem taxes on real property and tangible
personal property. This gives counties, school
districts, municipalities, and special taxing
districts the exclusive right to levy ad valorem
taxes on real property and tangible personal
property. However, the state legislature can and
does regulate the maximum rate at which ad
valorem taxes can be levied and the manner in
which they are
collected.
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