Page 16 - Boca Exposure - January '23

Page 16, Boca Exposure
Palm Beach County Property Appraiser’s Office

Dear Taxpayer: To qualify for a new agricultural land classification, Tax Return to receive the exemption. Thereafter, you need
Happy New Year! the qualifying agricultural use must be on site as of Jan. 1. not file an annual return unless the value of your tangible
With a new year before us, Applications should be submitted by March 1. You will be personal property exceeds $25,000 on Jan. 1.
I look forward to continuing to notified of the status of your application for the agricultural Save time, paper, and postage by filing online. If you do
focus on our goals as public classification by mail on or before July 1. need a paper form, you can download it using our Forms link.
servants: providing essential For more information, call our office at (561) 355-4577 If you have any questions about reporting personal property,
services and stellar customer or email myfarm@pbcgov.org. tangible E-filing, or the $25,000 tangible exemption, please
service. call our office at (561) 355-2896 or email us at patangible@
Every year, each Business Tangible Personal Property pbcgov.org.
department in my office Business tangible assets such as furniture and equipment
creates a list of goals for the valued at more than $25,000 are subject to ad valorem Office Closed
new year so that we can remain taxes. All businesses are required to file a Tangible Personal In honor of Dr. Martin
diligent in increasing our efficiency and improving service. Our Property Tax Return (Form DR 405) annually by April 1, Luther King Jr. Day, all
goals for 2023 include implementing new workflows, adding unless the value of your tangible personal property last year Palm Beach County Property
information to our GIS tools, proactively managing risks, was under $25,000 and you received notice from this office Appraiser’s Offices will be
incorporating new internal software tools, and ensuring that that your requirement to file has been waived. closed on Monday, Jan. 16.
there are plentiful opportunities for staff development. These Florida allows an exemption up to $25,000 in value
goals often start as suggestions from our staff themselves. Staff for tangible personal property assets used by a business.
ideas drive our progress, and I am proud to have one of the finest However, you must file an initial Tangible Personal Property
professional staffs in the industry.
Along with these plans for progress, we will be evaluating
our website, pbcgov.org/PAPA, with a survey this month. I hope
you’ll take a moment to fill out the survey the next time you visit.
nonprofit partners to support with internal fundraising initiatives. BOCA RATON FINANCIAL PLANNERS
And finally, this month starts our collaboration with two

BOCA RATON FINANCIAL PLANNERS
new nonprofit partners. Every two years, my staff selects two
In 2021 and 2022, we raised $6,449 for Urban Youth Impact, BOCA RATON FINANCIAL PLANNERS
Providing Customized Services for Discerning Clients
and $5,349 for the Kid’s Cancer Foundation. I’m excited to see Providing Customized Services for Discerning Clients
what we can accomplish in the next two years for Little Smiles Providing Customized Services for Discerning Clients
of Florida and Speak Up for Kids.
Wishing you a prosperous and wonderful year.
Respectfully,
Dorothy Jacks, CFA, AAS,
Palm Beach County Property Appraiser Helping you manage your financial success
with expertise, commitment & resources
Helping you manage your financial success
2023 South Florida Fair Helping you manage your financial success
to help reach your goals
The Palm Beach County Property Appraiser’s Office will with expertise, commitment & resources
with expertise, commitment & resources
have a table at the South Florida Fair from Jan. 13 to 29. We to help reach your goals
will be located in Expo East, taking new homestead exemption
LIFE WELL PLANNED.
applications and answering questions throughout the fair. to help reach your goals
LIFE WELL PLANNED.

LIFE WELL PLANNED.

Reduce Tax With The Homestead Exemption
If you are a permanent Florida resident, you may be eligible
for a homestead exemption, which can generally save you an
estimated $750 to $1,000 in property taxes each year.
(Did you receive your pink homestead exemption receipt Come in for a complimentary cup
card in the mail? If so, no need to refile. Simply keep the card Come in for a complimentary cup
of coffee while we review your
as your receipt that you have been automatically renewed
portfolio to see how we can help
for another year.) of coffee while we review your
A $25,000 exemption is applied to the first $50,000 of your portfolio to see how we can help
property’s assessed value if your property is your permanent you maximize your wealth.
residence and you owned the property as of Jan. 1. This you maximize your wealth.
exemption applies to all taxes, including school district taxes.
An additional exemption of up to $25,000 will be applied if
your property’s assessed value is between at least $50,000 and
$75,000. This exemption is not applied to school district taxes. Come in for a complimentary cup
In addition, a homestead exemption limits any increase to your
assessed value to a maximum of 3 percent each year or the of coffee while we review your
amount of the change in the Consumer Price Index, whichever
is lower. portfolio to see how we can help
There are three ways to apply:
• E-file at pbcgov.org/PAPA you maximize your wealth.
• Visit one of our five service centers to file in person www.BocaRatonFinancialPlanner.com
• Complete the application online, print it out, and mail it to
our office www.BocaRatonFinancialPlanner.com
All homestead exemption applications must be submitted
by March 1. Once you qualify, we will renew your homestead
exemption annually as long as you continue to qualify for the
exemption.
Visit pbcgov.org/PAPA to E-file and for information on other ARTHUR ROTTENSTEIN
available exemptions for seniors, families, veterans, and more. ARTHUR ROTTENSTEIN
Branch Manager
RAYMOND JAMES FINANCIAL SERVICES, INC.
All About Agricultural Land Classification Branch Manager
301 Yamato Road, Suite 3160, Boca Raton, FL 33431
Properties with bona fide agricultural (good faith RAYMOND JAMES FINANCIAL SERVICES, INC.
T 561.241.6616 • F 561.241.6418
commercial) activity may qualify for the agricultural land 301 Yamato Road, Suite 3160, Boca Raton, FL 33431
classification. The taxable value of the land is based on the T 561.241.6616 • F 561.241.6418
annual net income per acre attributable to the land from the
agricultural operation.
If you had the agricultural land classification on your Boca Raton Financial Planners is not a registered broker/dealer and is independent of Raymond James
property in 2022, the application will automatically renew for Financial Services, Inc. Securities offered through Raymond James Financial Services, Inc., member FIN-
Boca Raton Financial Planners is not a registered broker/dealer and is independent of Raymond James
RA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.
2023, so there is no need to file an application. If the property www.BocaRatonFinancialPlanner.com
Financial Services, Inc. Securities offered through Raymond James Financial Services, Inc., member FIN-
had a change of ownership in 2022, the new owner would have RA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.
to reapply for the classification in 2023. All 5,114 properties
with the agricultural classification in 2022 will be reviewed
and monitored for changes of ownership.

ARTHUR ROTTENSTEIN

Branch Manager

RAYMOND JAMES FINANCIAL SERVICES, INC.
301 Yamato Road, Suite 3160, Boca Raton, FL 33431

T 561.241.6616 • F 561.241.6418

Boca Raton Financial Planners is not a registered broker/dealer and is independent of Raymond James
Financial Services, Inc. Securities offered through Raymond James Financial Services, Inc., member FIN-
RA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.