| Table 6.8 INTANGIBLE AND TANGIBLE TAX | ||
| Intangible Personal Property Tax Versus Real and Tangible Property Tax | ||
| Intangible Personal Property Tax | ||
| Rate | $0.50 per $1000 of value | |
| Definition | This is an ad valorem levy, applied to stocks, mutual funds, notes, bonds, accounts receivable, and certain condominium, apartment and land leases. | |
| Exemptions | First $250,000 for single filer, or first $500,000 for joint filers | |
| Real and Tangible Property Tax | ||
| Rate | $7 per $1000 of appraised value | |
| Definition | Levied by the county on businesses, it is applied on tangible business assets such as equipment, furnitures and fixtures, computers, and the like. | |
| Note | Charlotte county does not impose an inventory tax | |
| Source: Florida Department of Revenue and County Sources | ||
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