What types of property are subject to property taxes?

Generally speaking, any type of real or tangible personal property located in the state of Florida can be subject to property tax. This includes land and structures used for residential, commercial, or industrial purposes, such as homes, apartment buildings, offices, factories, and other types of buildings. It also includes vehicles, boats, mobile homes, furniture, and equipment. Property taxes are based on the assessed value of the property, so the actual amount of property taxes a person pays can vary significantly depending on the value of the property. Additionally, intangible property is also subject to property taxes in Florida. Intangible property includes stocks, bonds, mutual fund shares, and other investments. This type of property is usually taxed based on its original purchase price, but any gains since the time of purchase may also be taxed. In some cases, certain types of property may be exempt from property taxes. These include certain government-owned property, property owned by churches and other religious organizations, property used as a homestead, and property used for certain types of public service. Property owners should contact their local property tax office to determine what, if any, exemptions apply to them.

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