Page 10 - Abacoa Community News - January '21

Page 10, Abacoa
Palm Beach County Property Appraiser’s Office

Dear Taxpayers: All About Agricultural Land ad valorem taxes. All businesses are required to file a
Happy New Year! The Tangible Personal Property Tax Return (Form DR 405)
past year certainly brought Classification annually by April 1, unless the value of your tangible
with it many challenges as personal property last year was under $25,000 and you
we acted to keep our staff safe Properties with bona received notice from this office that your requirement to
while providing all of you fide agricultural (good faith file has been waived.
with essential services. Our commercial) activity may Florida allows an exemption up to $25,000 in value
first role as public servants qualify for the agricultural land for tangible personal property assets used by a business.
is to provide you with access classification. The taxable value However, you must file an initial Tangible Personal
to valuable information and of the land is based on the annual Property Tax Return to receive the exemption. Thereafter,
exemptions – 2020 gave us net income per acre attributable you need not file an annual return unless the value of your
a great opportunity to do that to the land from the agricultural tangible personal property exceeds $25,000 on Jan 1.
in new and creative ways. operation. Save time, paper, and postage by filing online. If you
This year, I look forward to continuing to build on If you had the agricultural do need a paper form, you can download it using our
our progress of leveraging technology to both increase land classification on your forms link. If you have any questions about reporting
our efficiency and improve service. Nearly three-quarters property in 2020, the application personal property, tangible e-filing, or the $25,000
of homestead exemptions were filed online last year, a will automatically renew for tangible exemption, please call our office at (561) 355-
convenient and safe alternative to filling out paper forms. 2021, so there is no need to 2896 or email us at patangible@pbcgov.org.
E-filing is also available for a business Tangible Personal file an application. All 5,271
Property Tax Return (DR-405). Our online form enables properties with the agricultural
businesses to upload a spreadsheet of assets and easily edit classification in 2020 will be
assets from past returns. reviewed this year.
In this month’s article, there’s a reminder that the deadline To qualify for a new agricultural land classification,
to submit homestead exemption applications is March 1. the qualifying agricultural use must be on site as of Jan. 1.
Also included in this month’s newsletter are reminders about Applications should be submitted by March 1. You will be
filing for an Agricultural Land Classification and Business notified of the status of your application for the agricultural FPL’s Rivera Beach power plant. FPL is the largest single
Tangible Personal Property Tax Return for 2021. classification by mail on or before July 1. payer of tangible personal property tax in Palm Beach
Wishing you a prosperous and wonderful year. For more information, call our office at (561) 355-4577 or County.
Respectfully, email myfarm@pbcgov.org.
Dorothy Jacks, CFA, AAS, Office Closed
Palm Beach County Property Appraiser Business Tangible Personal
We Value What You Value In honor of Dr. Martin Luther King Jr. Day, all Palm
Property Beach County Property Appraiser’s Offices will be closed
Reduce Tax With The Business tangible assets such as furniture and on Monday, Jan. 18.

Homestead Exemption equipment valued at more than $25,000 are subject to

If you are a permanent Florida resident, you may be
eligible for a homestead exemption, which can save you Add hurricane Before After Bright House Doors
generally $750 to $1,000 in property taxes each year. - Illuminate
A $25,000 exemption is applied to the first $50,000 glass to your
of your property’s assessed value if your property is your - Beautify
permanent residence and you owned the property as of Jan. existing doors! - Protect
1. This exemption applies to all taxes, including school
district taxes. An additional exemption of up to $25,000
will be applied if your property’s assessed value is between Aim phone camera at QR code below.
at least $50,000 and $75,000. This exemption is not applied Let’s talk
to school district taxes. In addition, a homestead exemption
limits any increase to your assessed value to a maximum about your
of 3 percent each year or the amount of the change in the
Consumer Price Index, whichever is lower. options.
Three ways to apply:
• E-file at pbcgov.org/PAPA. 561-252-9949
• Visit one of our five service centers to file in person.
• Complete the application online, print it out, and mail
it to our office.
All homestead exemption applications must be submitted
by March 1. Once you qualify, we will renew your homestead
exemption annually as long as you continue to qualify for
the exemption.
Visit pbcgov.org/PAPA to e-file and for information on
other available exemptions for seniors, families, veterans,
and more.
The South Florida Fair

The Palm Beach
County Property
Appraiser’s Office
will have a display at
the South Florida Fair
from Jan. 15 to 31.
However, we will not be taking new homestead exemption
applications on site.