Page 15 - Abacoa Community News - February '20

Abacoa, Page 15
Property Appraiser’s Office

Dear Taxpayers: school district taxes. up to $500,000, from a home with a homestead exemption
As the new year takes An additional exemption of up to $25,000 will be applied to a new home within the state of Florida that qualifies for
shape, my office is busy if your property’s assessed value is between at least $50,000 a homestead exemption. This is referred to as “portability.”
preparing the 2020 tax roll. and $75,000. This exemption is not applied to school district The application deadline for portability is March 1.
The tax roll is a report of the taxes. You can e-file for portability when e-filing for your
combined value of all the The deadline to file for homestead exemption is March homestead exemption or if you have already filed for a
property (real and tangible) in 1 of the qualifying year. homestead exemption and need only to file for portability,
Palm Beach County as of Jan. You have three options to submit your application for a visit our website: www.pbcgov.org/PAPA or call Exemption
1. The process includes my Homestead Exemption: Services at (561) 355-2866.
staff analyzing components • E-File at www.pbcgov.org/PAPA – Use our simple
such as new construction, online application process, the fastest way to file. Office Closed Due To Holiday
demolition, land splits, land • Complete the application online. Print it out and mail
combinations, ownership changes, additions or removals to the Palm Beach County Property Appraiser’s Office, In honor of Presidents’ Day, the Palm Beach County
of exemptions, along with market data reflected in sales of Exemption Services, 1st Floor, 301 N. Olive Ave., West Palm Property Appraiser’s Office (including all of our service
properties in 2019. Beach, FL 33401. centers) will be closed on Monday, Feb. 17.
Here are some of the latest projected parcel count statistics • Visit one of our five service centers to file in person.
for new construction, to be added to the 2020 Tax Roll. These
are subject to change: Additional Exemptions
• Single-Family Homes – 1,475
• Townhomes – 650 If you receive a homestead exemption, you may be
• Condominium Units – 300 eligible for additional exemptions or discounts in the Monday,
• Zero Lot Line Homes - 850 categories listed below. The application deadline for all February 17
• Commercial Buildings – 190 additional exemptions is March 1.
February is a good time of the year to review your homestead • Civilian Disability
exemption status and examine additional exemptions that may • Institutional Exemptions
yield tax savings. In this month’s newsletter, you will find some • Florida Law Enforcement and First Responders
helpful reminders. I hope you find the following information (Disabled in the line of duty)
useful. Enjoy reading. • Living Quarters for Parents or Grandparents (also known
Respectfully, as Granny Flat)
Dorothy Jacks, CFA, AAS, • Senior Citizen (Limited-Income)
Palm Beach County Property Appraiser • Veterans Disability
• Widow/Widower Exemption
Homestead Exemption On org/PAPA or call Exemption Services at (561) 355-2866.
For more information, visit our website: www.pbcgov.
Real Property

*If you already have a homestead exemption on your Portability – You Can Take It
property, you do not need to reapply. With You!
In the state of Florida, a $25,000 exemption is applied
to the first $50,000 of your property’s assessed value if If I sell my home and buy a new one, will I lose all the
your property is your permanent residence and you owned tax savings I’ve accumulated over the years?
the property on Jan. 1 of the tax year. An initial application No. Florida’s Save Our Homes (SOH) provision allows
is required. This exemption applies to all taxes, including you to transfer all or a significant portion of your tax benefit,

Your local real estate and

mortgage experts

Make your next move your best move! With low-rate, low-fee mortgage options, Mark Whitaker
Please contact me for a private, no obligation, and Guaranteed Rate will help you achieve the dream of
complimentary consultation. homeownership. Contact Mark today!

Tracy M. Ward, P.A. Mark Whitaker
Broker Associate VP of Mortgage Lending
C: (561) 909-7100 O: (561) 226-4203 C: (561) 225-4440
Rate.com/MarkWhitaker

2000 PGA Blvd, Ste A-3210
Palm Beach Gardens, FL 33408

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply,
contact Guaranteed Rate for current rates and for more information.

Mark Whitaker NMLS ID:136993; FL - LO49778 | NMLS ID 2611 (National Mortgage Licensing System, www.nmlsconsumeraccess.org) • FL - Lic# MLD1102