Page 5 - The Shores of Jupiter - April '21

The Shores, Page 5
owners who benefit from the homestead Palm Beach County Property
exemption and are considering renting all
or a portion of their homesteaded property
should review the important information
Dear Taxpayer: below on short-term rentals on a homesteaded property.
Happy spring! I hope you find this information beneficial and interesting.
My office continues to work on the 2021 tax roll and make
preparations for the release of the estimated 2021 taxable
property values to the Palm Beach County taxing authorities. Palm Beach County Property Appraiser Beach County and staffed by qualified professionals. They
These preliminary estimates (which are officially released at
the end of May of each year) assist the county, its municipalities,
and other taxing authorities in projecting their budgets and tax
rates and also provide a benchmark as to what revenue they can
expect to receive from property taxes in the coming year.
The preliminary tax roll will reflect the impacts of COVID-19
across Palm Beach County’s property market. While markets
were slow in the early days of the pandemic, the second half of
the year saw record sales in both counts and prices. These sales
will be factored into the 2021 valuations. Stay tuned.
A reminder about the limited income senior citizen exemption:
Unlike the homestead exemption, this requires annual renewal.
Your renewal form must be returned (postmarked) to my
office no later than May 1, 2021. Qualifications and statutory
requirements are listed in this month’s newsletter. The Boca Raton Inlet, as seen from the Pictometry tool at
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Your Shores Specialist Call for any Real Estate
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Licensed and Insured
Appraiser’s Office Service
Centers
While a vast array of services and information are available
Respectfully, online 24/7 at pbcgov.org/PAPA, my office maintains five
Dorothy Jacks, CFA, AAS, service centers, conveniently located throughout Palm
We Value What You Value administer the homestead exemption, additional property
tax exemptions, mailing address and ownership changes,
portability applications, and more.
2020 customer service by the numbers:
• Phone calls: 67,102
• Counter visits: 26,450
• E-Files: 15,690
• Total new homestead exemptions: 29,449
• Portability applications: 5,616
Renewal Of Limited Income
Senior Citizen Exemption
Earlier this year, my office mailed out renewal applications
for those who qualified for the additional exemption for
persons age 65 and older. The renewal form must be returned
(postmarked) to the Palm Beach County Property Appraiser’s
Office, 1st Floor, 301 N. Olive Ave., West Palm Beach, FL
33401, no later than May 1.
This is an additional homestead exemption of up to
$50,000 for Palm Beach County residents who:
• Are aged 65 years and older;
• Own a property that has a homestead exemption; and
• Have a cumulative adjusted household gross income
(excluding tax-exempt bond interest or non-taxable social
security income) of all persons living in the home of $31,100
or less for 2021.
This exemption applies only to the property taxes levied
by the taxing authorities granting the exemption for 2021.
For a list of those taxing authorities, visit pbcgov.org/PAPA.
Section 196.075, F.S. – Additional Homestead Exemption
for Persons 65 and Older.
(a) “Household” means a person or group of persons living
together in a room or group of rooms as a housing unit, but
the term does not include persons boarding in or renting a
portion of the dwelling.
(b) “Household Income” means the adjusted gross income,
as defined in s.62 of the United States Internal Revenue Code,
of all members of a household.
If you file a tax return, this is the amount reported on IRS
Form 1040, line 7. If you do not file a tax return, adjusted
gross income includes, but is not limited to wages, salaries,
tips, taxable interest, ordinary dividends, capital gain
distributions, taxable IRA distributions, taxable pension and
annuities, unemployment compensation, and taxable Social
Security benefits.
For questions, please contact Exemptions Services at
(561) 355-2866 or myexemption@pbcgov.org.
Short-Term Rental Of A
Homesteaded Property
You may rent your homesteaded property for 30 days or
less per calendar year and maintain a homestead exemption.
Rental for more than 30 days for two consecutive years or
for more than six months constitutes abandonment of a
homestead exemption.
Exempt property rented after January 1 of any
year does not affect the homestead exemption for that
particular year. If the property is rented on January 1 of
the following year or the terms of the lease are six months
or more, the exemption will be denied. Property owners
are required to notify the Property Appraiser’s Office
when their property no longer qualifies for exemption.
Failure to do so could result in a homestead tax lien with
substantial penalty and interest.
Be aware of the law before deciding to rent your
property. (Florida Statute 196.061 and 196.011 (9) (a)).
For more information, visit pbcgov.org/PAPA or contact
Exemption Services at (561) 355-2866.
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