Page 3 - The Shores of Jupiter - June '21

The Shores, Page 3

Our annual Checks & Balances • Record property tax revenue: Palm Beach County
guide makes it easy for you to track collected $1.27 billion in property tax revenue in FY 2020,
how your tax money is collected, an increase of 5 percent over the previous year.
budgeted and invested until it is needed • Rising home values: The median sales price for a single-
to pay for county services. It puts all of family home in the county grew by 16.8 percent in 2020,
Financial Guide Shows How the information you need to know in one place, with simple ending the year at $425,000.
• Taxpayer savings: My office earned $40 million through
charts that give a detailed overview of Palm Beach County’s
County Tax Dollars Are financial health and other important economic indicators. its management of the county’s investment portfolio. That’s
a savings of $62 for every county taxpayer.
With the Checks & Balances you can see how the
Budgeted And Spent county’s budget impacts you. For example, the average Checks & Balances, which is also known as the Popular
cost per taxpayer for county services in Fiscal Year 2020 Annual Financial Report, or PAFR, is available online at
Your property taxes are the largest single source of included: mypalmbeachclerk.com/pafr. We encourage you to download
revenue for Palm Beach County, funding everything from • $85 for parks and recreation a copy and share it with others in our community.
parks and recreation to public safety to the community • $36 for community services This award-winning guide is part of our office’s ongoing
services we depend on every day. • $31 for public safety commitment to transparency in government. I know it will
More than one-third of your total countywide property tax • $28 for engineering and public works be a valuable resource for you.
bill is used by the county to pay for programs and services in You can also learn more about economic trends affecting Regards,
our community. My office is responsible for providing you our local economy and the county’s bottom line. Among the Joseph Abruzzo,
with a clear view of how your tax dollars are spent. highlights: Clerk of the Circuit Court and Comptroller

Address” button under the “Owner E-Filing For Homestead
Information” section.
In this month’s newsletter, a Exemption And Portability
reminder that hurricane season is upon
Dear Taxpayer: us and a memo to those residents who have not yet applied With the homestead exemption E-file module, you can
Welcome to our South Florida summer! for a homestead exemption on their permanent residence in E-file the same day you close on a new home without
On July 1, my office submits a preliminary tax roll to Palm Beach County. Enjoy reading and stay safe. the deed. Simultaneously, you can E-file for portability if
Florida’s Department of Revenue, the agency that oversees Respectfully, moving within the state of Florida and filing for a homestead
the operations of all property appraisers in the state. Dorothy Jacks, CFA, AAS, exemption.
During the next few months, the tax roll process will Palm Beach County Property Appraiser A homestead exemption can reduce the assessed value of
continue as always. Because Florida law requires my office your property, thereby reducing the amount of property tax
to value property based on the status of the real estate market Hurricane Season Begins you pay.
and the personal property market as of Jan. 1, the impacts A $25,000 exemption is applied to the first $50,000 of your
of COVID-19 will be incorporated into the tax roll. While June kicks off hurricane season, which runs through Nov. property’s assessed value if your property is your permanent
markets were slow in the early days of the pandemic, the 30. As part of your hurricane preparations, take a moment to residence and you owned the property as of Jan. 1. This
second half of 2020 saw record sales in both volume and review the “Report Storm Damaged Property” information exemption applies to all taxes, including school district taxes.
prices. As always, I welcome your comments and questions on our website, pbcgov.com/PAPA. It offers important details An additional exemption of up to $25,000 will be applied if
regarding your property value and exemption amounts. you need to know if your property sustains severe storm your property’s assessed value is between at least $50,000
Now is a good time to check the mailing address damage. If you have any questions, call my office at (561) and $75,000. This exemption is not applied to school district
associated with your property at pbcgov.org/PAPA. Simply 355-3230. Palm Beach County Emergency Management taxes.
search your property and confirm that your mailing address offers essential tips on hurricane preparedness in their In addition, a homestead exemption limits any increase
is correct. If it needs an update, just click the “Change of Hurricane Planning Guide (PDF). 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. Portability transfers all or a significant
portion of your cap savings, up to $500,000, from a home
with a homestead exemption to a new home within the state
of Florida that qualifies for a homestead exemption.
Our Exemption Services Department administers all
exemptions and portability applications and is available to
answer your questions. Contact them at myexemption@
pbcgov.org or (561) 355-2866.

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