Tangible Personal Property Exemptions

Tangible Personal Property Exemptions The Tangible Personal Property return shall be considered an application for the exemption and will be applied to the first $25,000 in value for the Tangible Personal Property. Institutional Ad Valorem Exemption for Tangible Personal Property Should your organization meet the qualifications for an exemption, an application along with all supporting documentation must be filed with our office by March 1. Complete the Institutional Ad Valorem Tax Exemption (DR-504) application, then mail it or drop it off in person in the Downtown Miami office. For more information, call 305-375-4070.