Page 5 - The Shores of Jupiter - January '22

The Shores, Page 5

Reduce Tax With annual net income per acre attributable to the land from the
agricultural operation.
The Homestead If you had the agricultural land classification on your
Exemption property in 2021, the application will automatically renew
for 2022, so there is no need to file an application. All 5,146
Dear Taxpayer, properties with the agricultural classification in 2021 will be
Happy New Year! If you are a permanent Florida resident, you may be reviewed this year.
A friend recently said to me, “2021 does not get enough eligible for a homestead exemption, which can save you To qualify for a new agricultural land classification,
credit for being as challenging as 2020.” And that struck me generally $750 to $1,000 in property taxes each year. the qualifying agricultural use must be on site as of Jan. 1.
as true – the past two years represent an ongoing disruption Did you receive your pink homestead exemption receipt Applications should be submitted by March 1. You will be
in our lives. But I am proud that no matter what came our card in the mail? If so, no need to refile. Simply keep the card notified of the status of your application for the agricultural
way, my office stayed focused on our goals as public servants: as your receipt that you have been automatically renewed classification by mail on or before July 1.
providing essential services and stellar customer service. for another year. For more information, call our office at (561) 355-4577
With a new year before us, I look forward to continuing A $25,000 exemption is applied to the first $50,000 of your or email myfarm@pbcgov.org.
to leverage technology to both increase our efficiency and property’s assessed value if your property is your permanent
improve service. Online filing of homestead exemptions, residence and you owned the property as of Jan. 1. This Business Tangible Personal
portability, and business tangible personal property tax exemption applies to all taxes, including school district taxes.
returns (DR-405) show sustained growth as they streamline An additional exemption of up to $25,000 will be applied if Property
the process for both you and my staff. your property’s assessed value is between at least $50,000
Behind the scenes, we continue to implement new tools and $75,000. This exemption is not applied to school district Business tangible assets such as furniture and equipment
and workflows to increase valuation efficiency. Many of these taxes. In addition, a homestead exemption limits any increase valued at more than $25,000 are subject to ad valorem
improvements started as suggestions from our appraisers to your assessed value to a maximum of 3 percent each year taxes. All businesses are required to file a Tangible Personal
themselves – their ideas drive our progress. We have one of or the amount of the change in the Consumer Price Index, Property Tax Return (Form DR 405) annually by April 1,
the finest professional staffs in the industry. whichever is lower. unless the value of your tangible personal property last year
In this month’s article, I am happy to announce my Three ways to apply: was under $25,000 and you received notice from this office
office once again will have a presence at the South Florida • E-file at pbcgov.org/PAPA. that your requirement to file has been waived.
Fair, though our booth will not be staffed. Also included: • Visit one of our five service centers to file in person. Florida allows an exemption up to $25,000 in value
reminders about filing for an Agricultural Land Classification • Complete the application online, print it out, and mail for tangible personal property assets used by a business.
and Business Tangible Personal Property Tax return. it to our office. However, you must file an initial Tangible Personal Property
Wishing you a prosperous and wonderful year. All homestead exemption applications must be submitted Tax Return to receive the exemption. Thereafter, you need
Respectfully, by March 1. Once you qualify, we will renew your homestead not file an annual return unless the value of your tangible
Dorothy Jacks, CFA, AAS, exemption annually as long as you continue to qualify for personal property exceeds $25,000 on Jan. 1.
Palm Beach County Property Appraiser the exemption. Save time, paper, and postage by filing online. If you do
Visit pbcgov.org/PAPA to e-file and for information on need a paper form, you can download it using our Forms link.
2022 South Florida Fair other available exemptions for seniors, families, veterans, If you have any questions about reporting personal property,
and more. tangible e-filing, or the $25,000 tangible exemption, please
The Palm Beach County Property Appraiser’s Office call our office at (561) 355-2896 or email us at patangible@
will have a display at the South Florida Fair from Jan. All About Agricultural Land pbcgov.org.
14 to 30. While we will not be taking new homestead
exemption applications on site, there are several filing Classification Office Closed
options and our staff are happy to help! Visit pbcgov.
org/PAPA to file online or contact exemption services at Properties with bona fide agricultural (good faith In honor of Dr. Martin Luther King Jr. Day, all Palm
(561) 355-2866 or myexemption@pbcgov.org for more commercial) activity may qualify for the agricultural land Beach County Property Appraiser’s Offices will be closed
information. classification. The taxable value of the land is based on the on Monday, Jan. 17.