TANGIBLE SAVINGS

Many Realtors paid their last tax on tangible personal property on April 1. The tax savings is a sometimes-overlooked benefit included in Amendment 1, which Florida voters passed in January. In 2008, all businesses had to file a tangible personal property tax return as usual, but those with less than $25,000 in tangible personal property on their 2008 return do not need to file or pay taxes in 2009, providing their tangible personal property value is still worth less than $25,000. Questions? Call your county property appraiser's office.