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What is Tangible Personal Property (TPP)?
Tangible Personal Property (TPP) is everything other than real estate that has value by itself. It includes such things as furniture, fixtures, tools, machinery, rental household appliances, signs, equipment, leasehold improvements, supplies, leased equipment, and any other equipment used in a business or to earn an income. It does not include motor vehicles, inventory, boats, or trailers.
* The 2008 Constitutional Amendment 1 provides a $25,000 Exemption to taxpayers who file their TPP returns by April 1.
For more information on TPP:
www.hernandocounty.us/pa/tangibles.asp
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