Page 10 - Lifestyles in Palm Beach Gardens - January '21
P. 10

Page 10, Lifestyles in Palm Beach Gardens
      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
      generally $750 to $1,000 in property taxes each year.
        A $25,000 exemption is applied to the first $50,000 of your
      property’s assessed value if your property is your permanent
      residence and you owned the property as of Jan. 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 at least $50,000
      and $75,000. This exemption is not applied to school district
      taxes. In addition, a homestead exemption limits any increase
      to your assessed value to a maximum of 3 percent each year
      or the amount of the change in the Consumer Price Index,
      whichever is lower.
        Three ways to apply:
        • E-file at pbcgov.org/PAPA.
        • 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                                          Upscale Resale


        The Palm Beach                                       Experience The Difference
      County Property
      Appraiser’s Office                                      New and consigned furniture, unique lighting, accessories and gifts.
      will have a display at                                     Complete wallpaper and fabric library for all your design needs.
      the South Florida Fair
      from Jan. 15 to 31.
      However, we will not be taking new homestead exemption
      applications on site.









                                                                                  Call us to sell. See us to buy.

                                                          Over 16,000 sq. ft. in 2 locations to serve you!

                                                          PALM BEACH GARDENS: Promenade Plaza
                                                          9810 Alternate A1A • 561.694.0964
                                                          WELLINGTON: Wellington Marketplace
                                                          13857 Wellington Trace • 561.798.5222
                                                                     myconsignanddesign.com
                                                                                                                               Nanci Smith, CEO
   5   6   7   8   9   10   11   12   13   14   15