Navigate to the tag detail of the tag you would like to delete. Click the ellipses in the upper right corner and select Delete from the dropdown. This will open the delete popup.
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References
The bottom of the delete popup gives information about other objects that can be effected by deleting this object. For a detailed view of these references, view the object’s references tab. There are a few conditions that will disallow the deletion of a device:
The tag is bound to an enabled model.