Page 10 - Talk of Tequesta - January '21

Page 10, The Talk Of Tequesta

local governMenT

Palm Beach County Property Appraiser’s Office

Dear Taxpayers: 2021, so there is no need that your requirement to file has been waived.
Happy New Year! The to file an application. All Florida allows an exemption up to $25,000 in value
past year certainly brought 5,271 properties with the for tangible personal property assets used by a business.
with it many challenges as agricultural classification However, you must file an initial Tangible Personal Property
we acted to keep our staff safe in 2020 will be reviewed Tax Return to receive the exemption. Thereafter, you need
while providing all of you this year. not file an annual return unless the value of your tangible
with essential services. Our To qualify for a personal property exceeds $25,000 on Jan 1.
first role as public servants new agricultural land Save time, paper, and postage by filing online. If you do
is to provide you with access c l a ssi f i c a t i o n , t h e need a paper form, you can download it using our forms link.
to valuable information and qualifying agricultural If you have any questions about reporting personal property,
exemptions – 2020 gave us a use must be on site as tangible e-filing, or the $25,000 tangible exemption, please
great opportunity to do that of Jan. 1. Applications call our office at (561) 355-2896 or email us at patangible@
in new and creative ways. should be submitted by pbcgov.org.
This year, I look forward to continuing to build on our March 1. You will be
progress of leveraging technology to both increase our notified of the status of
efficiency and improve service. Nearly three-quarters your application for the
of homestead exemptions were filed online last year, a agricultural classification by mail on or before July 1.
convenient and safe alternative to filling out paper forms. For more information, call our office at (561) 355-4577
E-filing is also available for a business Tangible Personal or email myfarm@pbcgov.org.
Property Tax Return (DR-405). Our online form enables
businesses to upload a spreadsheet of assets and easily edit Business Tangible Personal FPL’s Rivera Beach power plant. FPL is the largest single
assets from past returns. payer of tangible personal property tax in Palm Beach County.
In this month’s article, there’s a reminder that the deadline Property
to submit homestead exemption applications is March 1. Also Office Closed
included in this month’s newsletter are reminders about filing Business tangible assets such as furniture and equipment
for an Agricultural Land Classification and Business Tangible valued at more than $25,000 are subject to ad valorem In honor of Dr. Martin Luther King Jr. Day, all Palm
Personal Property Tax Return for 2021. taxes. All businesses are required to file a Tangible Personal Beach County Property Appraiser’s Offices will be closed
Wishing you a prosperous and wonderful year. Property Tax Return (Form DR 405) annually by April 1, on Monday, Jan. 18.
Respectfully, unless the value of your tangible personal property last year
Dorothy Jacks, CFA, AAS, was under $25,000 and you received notice from this office Local Government on page 11
Palm Beach County Property Appraiser
We Value What You Value

Reduce Tax With The

Homestead Exemption

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

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.

All About Agricultural Land

Classification

Properties with bona fide agricultural (good faith
commercial) activity may qualify for the agricultural land
classification. The taxable value of the land is based on the
annual net income per acre attributable to the land from the
agricultural operation.
If you had the agricultural land classification on your
property in 2020, the application will automatically renew for