Page 3 - The Shores of Jupiter - February '20

The Shores, Page 3

An additional exemption of up to exemption to a new home within the state of Florida that
$25,000 will be applied if your property’s qualifies for a homestead exemption. This is referred to
assessed value is between at least as “portability.” The application deadline for portability
$50,000 and $75,000. This exemption is March 1.
is not applied to school district taxes. You can e-file for portability when e-filing for your
The deadline to file for homestead exemption is March homestead exemption or if you have already filed
Dear Taxpayers: 1 of the qualifying year. for a homestead exemption and need only to file for
As the new year takes shape, my office is busy You have three options to submit your application for a portability, visit our website: www.pbcgov.org/PAPA or
preparing the 2020 tax roll. The tax roll is a report of the Homestead Exemption: call Exemption Services at (561) 355-2866.
combined value of all the property (real and tangible) in • E-File at www.pbcgov.org/PAPA – Use our simple online
Palm Beach County as of Jan. 1. The process includes application process, the fastest way to file. Office Closed Due To Holiday
my staff analyzing components such as new construction, • Complete the application online. Print it out and mail
demolition, land splits, land combinations, ownership to the Palm Beach County Property Appraiser’s Office, In honor of Presidents’ Day, the Palm Beach County
changes, additions or removals of exemptions, along with Exemption Services, 1st Floor, 301 N. Olive Ave., West Palm Property Appraiser’s Office (including all of our service
market data reflected in sales of properties in 2019. Beach, FL 33401. centers) will be closed on Monday, Feb. 17.
Here are some of the latest projected parcel count • Visit one of our five service centers to file in person.
statistics for new construction, to be added to the 2020
Tax Roll. These are subject to change: Additional Exemptions Commissioner’s Update from page 1
• Single-Family Homes – 1,475
• Townhomes – 650 If you receive a homestead exemption, you may be regulation is essential to protecting the integrity of our
• Condominium Units – 300 eligible for additional exemptions or discounts in the established neighborhoods and preserving our quality
• Zero Lot Line Homes - 850 categories listed below. The application deadline for all of life.
• Commercial Buildings – 190 additional exemptions is March 1. I urge you to make your opinions known to your
February is a good time of the year to review your • Civilian Disability State Representative and Senator on these and other
homestead exemption status and examine additional • Institutional Exemptions statewide issues of importance to you. Your voter
exemptions that may yield tax savings. In this month’s • Florida Law Enforcement and First Responders registration card will indicate in which Florida House
newsletter, you will find some helpful reminders. I hope (Disabled in the line of duty) and Senate districts you reside. Here are the State
you find the following information useful. Enjoy reading. • Living Quarters for Parents or Grandparents (also elected officials representing North County:
Respectfully, known as Granny Flat)
Dorothy Jacks, CFA, AAS, • Senior Citizen (Limited-Income) Representative Rick Roth, Delegation Chair
Palm Beach County Property Appraiser • Veterans Disability District 85, (561) 625-5176; rick.roth@
• Widow/Widower Exemption myfloridahouse.gov
Homestead Exemption On For more information, visit our website: www.pbcgov. Representative Mike Caruso
org/PAPA or call Exemption Services at (561) 355-2866.
Real Property Portability – You Can Take It District 89, (561) 750-2396; mike.caruso@
myfloridahouse.gov
*If you already have a homestead exemption on your
property, you do not need to reapply. With You! Senator Gayle Harrell
In the state of Florida, a $25,000 exemption is applied District 25, (772) 221-4019; Harrell.gayle.web@
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 flsenate.gov
your property is your permanent residence and you owned the 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 Senator Bobby Powell
is required. This exemption applies to all taxes, including you to transfer all or a significant portion of your tax District 30, (561) 650-6880; Powell.bobby.web@
school district taxes. benefit, up to $500,000, from a home with a homestead flsenate.gov

• Eliminate the lifetime “stretch” IRA option, As always, you are welcome to contact me at (561)
355-2201, or by email at hvaleche@pbcgov.org. My
requiring non-spouse beneficiaries of IRAs staff and I are happy to assist you.
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