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QUESTION: Are the abstract books and land records maintained by abstract and title insurance companies considered to be tangible or intangible property for ad valorem tax purposes?

SUMMARY: The abstract books and land records maintained by abstract and title insurance companies are considered to be tangible personal property for ad valorem tax purposes. The Florida Supreme Court had this identical question before it in the case of Schleman v. Guaranty Title Company, 15 So.2d 754 (Fla. 1943). In reaching its decision that the title company's abstract books and records were subject to ad valorem…