Page 5 - The Shores of Jupiter - January '22
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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
      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         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 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      
      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 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.
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