FL – 2025 governmental leasehold intangible tax valuation factor table released

For purposes of calculating the 2025 intangible personal property tax on governmental leaseholds, the Florida Department of Revenue has issued the valuation factor table. In Florida, all governmental leasehold estates, or related possessory interest, are subject to the intangible personal property tax if the leased property is undeveloped or predominately used for residential or commercial purposes and rental payments are due in consideration of the leasehold estate or possessory interest. Tax Information Publication, No. 25C02-01, Florida Department of Revenue, January 2, 2025