🏘️ The Landlord’s Ledger: TPP Tax for Furnished Rental Properties

For Florida landlords, the TPP tax is a separate property tax liability from the annual Real Estate Tax bill.

If you rent out a furnished home, condo, or apartment—whether as an annual rental or a short-term vacation rental—the following items are considered Tangible Personal Property used to generate income:

- Sofas, beds, tables, and dining sets.

- Refrigerators, stoves, and microwave ovens.

- Televisions, draperies, and window treatments.

The landlord must file a separate DR-405 for each furnished rental unit they own in the county, listing all these assets. The $25,000 exemption applies to each separate return filed, making it possible for most small landlords to fully exempt their furnishings, provided they file by April 1st.