Page 8 - The Islander - January '21

Page 8, The Islander

loCAl government

Palm Beach County Property Appraiser’s Office

Dear Taxpayers: your homestead exemption annually as long as you 1. Applications should be submitted by March 1. You
Happy New Year! The continue to qualify for the exemption. will be notified of the status of your application for the
past year certainly brought Visit pbcgov.org/PAPA to e-file and for information on agricultural classification by mail on or before July 1.
with it many challenges other available exemptions for seniors, families, veterans, For more information, call our office at (561) 355-
as we acted to keep our and more. 4577 or email myfarm@pbcgov.org.
staff safe while providing
all of you with essential The South Florida Fair Business Tangible Personal
services. Our first role as
public servants is to provide The Palm Beach Property
you with access to valuable County Property
information and exemptions Appraiser’s Office Business tangible assets such as furniture and equipment
– 2020 gave us a great will have a display at valued at more than $25,000 are subject to ad valorem
opportunity to do that in new and creative ways. the South Florida Fair taxes. All businesses are required to file a Tangible Personal
This year, I look forward to continuing to build on from Jan. 15 to 31. Property Tax Return (Form DR 405) annually by April 1,
our progress of leveraging technology to both increase However, we will not be taking new homestead exemption unless the value of your tangible personal property last year
our efficiency and improve service. Nearly three-quarters applications on site. was under $25,000 and you received notice from this office
of homestead exemptions were filed online last year, a that your requirement to file has been waived.
convenient and safe alternative to filling out paper forms. All About Agricultural Land
E-filing is also available for a business Tangible Personal
Property Tax Return (DR-405). Our online form enables Classification
businesses to upload a spreadsheet of assets and easily edit
assets from past returns. Properties with
In this month’s article, there’s a reminder that the deadline bona fide agricultural
to submit homestead exemption applications is March 1. (good faith commercial)
Also included in this month’s newsletter are reminders about activity may qualify FPL’s Rivera Beach power plant. FPL is the largest single
filing for an Agricultural Land Classification and Business for the agricultural payer of tangible personal property tax in Palm Beach County.
Tangible Personal Property Tax Return for 2021. land classification. The
Wishing you a prosperous and wonderful year. taxable value of the land Florida allows an exemption up to $25,000 in value
Respectfully, is based on the annual for tangible personal property assets used by a business.
Dorothy Jacks, CFA, AAS, net income per acre However, you must file an initial Tangible Personal Property
Palm Beach County Property Appraiser attributable to the land Tax Return to receive the exemption. Thereafter, you need
We Value What You Value from the agricultural not file an annual return unless the value of your tangible
operation. personal property exceeds $25,000 on Jan 1.
Reduce Tax With The If you ha d t he Save time, paper, and postage by filing online. If you

Homestead Exemption agricultural land do need a paper form, you can download it using our
forms link. If you have any questions about reporting
classification on your
property in 2020, personal property, tangible e-filing, or the $25,000 tangible
If you are a permanent Florida resident, you may be the application will exemption, please call our office at (561) 355-2896 or email
eligible for a homestead exemption, which can save you automatically renew for us at patangible@pbcgov.org.
generally $750 to $1,000 in property taxes each year. 2021, so there is no need
A $25,000 exemption is applied to the first $50,000 to file an application. All Office Closed
of your property’s assessed value if your property is your 5,271 properties with the
permanent residence and you owned the property as of agricultural classification In honor of Dr. Martin Luther King Jr. Day, all Palm
Jan. 1. This exemption applies to all taxes, including in 2020 will be reviewed Beach County Property Appraiser’s Offices will be closed
school district taxes. An additional exemption of up to this year. on Monday, Jan. 18.
$25,000 will be applied if your property’s assessed value To qualify for a new agricultural land classification,
is between at least $50,000 and $75,000. This exemption the qualifying agricultural use must be on site as of Jan. Local Government on page 9
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 reModeling renovations new construction
submitted by March 1. Once you qualify, we will renew

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