Page 8 - Abacoa Community News - February '23

Page 8, Abacoa
Palm Beach County Property Appraiser’s Office

Dear Taxpayer: Visit pbcgov.org/PAPA to E-file and for information on other of your tax benefit, up to $500,000, from a home with a
My office is busy available exemptions for seniors, families, veterans, and more. homestead exemption to a new home within the state of
preparing the 2023 Tax Roll, Florida that qualifies for a homestead exemption. The
a report of the combined Additional Exemptions application deadline for portability is March 1.
value of all the property (real You can E-file for portability when E-filing for your
and tangible) in Palm Beach If you receive a homestead exemption, you may be homestead exemption. Or, if you have already filed for a
County as of Jan. 1. eligible for additional exemptions or discounts in the homestead exemption and need only to file for portability,
This report will reflect categories listed below. The application deadline for all visit our website or call Exemption Services at (561) 355-
market data gleaned from additional exemptions is March 1. 2866.
property sales last year as • Civilian disability
well as new construction, • Institutional exemptions Office Closed Due To Holiday
demolition, land splits, • Florida law enforcement and first responders (disabled
land combinations, ownership changes, and additions or in the line of duty) In honor of Presidents’ Day, the Palm Beach County
removals of exemptions. • Living quarters for parents or grandparents (also known Property Appraiser’s Office (including all of our service
The numbers cited below are as of Jan. 9 and are as the granny flat) centers) will be closed on Monday, Feb. 20.
subject to change. • Senior citizen (limited income)
Our estimates show a decrease in sales volume over last • Veteran’s disability
year. This is a good indicator of slowing demand. • Widow/widower exemption
• Commercial sales are down from 809 to 782 or 3.3 percent. For more information, visit pbcgov.org/PAPA or call
• Condo sales are down from 26,174 to 19,221 or 26.6 Exemption Services at (561) 355-2866.
percent.
• Residential sales are down from 24,729 to 18,893 Portability – You Can Take It
or 23.6 percent.
New construction has been mixed. While an estimated 5,000 With You!
new structures will be added to the 2023 Tax Roll, there will be
fewer new condominium units added to the 2023 Tax Roll than If you sell your home and buy a new one, there is good
were added in the previous year. news – You may not lose all the tax savings accumulated
• New Single-Family Homes – 3,742 up 10 percent over the years.
from 2022 Portability refers to Florida’s Save Our Homes provision > edwardjones.com | Member SIPC
• New Condominium Units – 876 down 32 percent which allows you to transfer all or a significant portion > edwardjones.com | Member SIPC
from 2022
• New Commercial Buildings – 310 up 49.8 percent
from 2022 > edwardjones.com | Member SIPC > edwardjones.com | Member SIPC
New construction numbers represent property that has never
been taxed before, adding new value to the 2023 Tax Roll. This Dreaming up the
Dreaming up the
contributes to the tax base while sharing the tax burden.
ideal retirement
Dreaming up the
As the deadline to file for a homestead exemption is Dreaming up the
ideal retirement
March 1, this is an excellent time of year to review your
ideal retirement
homestead exemption status and examine additional exemptions ideal retirement
is your job.
is your job.
that may yield tax savings. In this month’s newsletter, you will
is your job.
is your job.
find information to help you do just that. I hope you find it useful. Helping you get
Helping you get
Respectfully,
there is ours.
there is ours. Helping you get
Helping you get
Dorothy Jacks, CFA, AAS,
Palm Beach County Property Appraiser there is ours.
We’re excited to
We’re excited to
there is ours.
hear from you.
Homestead Exemption On We’re excited to
hear from you.
hear from you.
Real Property We’re excited to
If you are a permanent Florida resident, you may be eligible Sally S Stahl, AAMS™
hear from you.
for a homestead exemption, which can save you generally $750 Financial Advisor
Sally S Stahl, AAMS™
to $1,000 in property taxes each year. All homestead exemption 1851 W Indiantown Rd Ste 106 Sally S Stahl, AAMS™
Financial Advisor
applications must be submitted by March 1. Jupiter, FL 33458 Financial Advisor
A $25,000 exemption is applied to the first $50,000 of your 561-748-7600
1851 W Indiantown Rd Ste 106
property’s assessed value if your property is your permanent 1851 W Indiantown Rd Ste 106
residence and you owned the property as of Jan. 1. This Jupiter, FL 33458 Jupiter, FL 33458
exemption applies to all taxes, including school district taxes. 561-748-7600 561-748-7600
Sally S Stahl, AAMS™
IRT-1848H-A
An additional exemption of up to $25,000 will be applied if
Financial Advisor
your property’s assessed value is between at least $50,000 and Susan Has Moved To A
$75,000. This exemption is not applied to school district taxes.
In addition, a homestead exemption limits any increase to your IRT-1848H-A
1851 W Indiantown Rd Ste 106
assessed value to a maximum of 3 percent each year or the IRT-1848H-A New Location!
amount of the change in the Consumer Price Index, whichever Jupiter, FL 33458
is lower.
Three ways to apply: Androcles Hair Salon 561-748-7600
• E-file at pbcgov.org/PAPA.
• Visit one of our five service centers to file in person. 4031 Hood Rd., Suite C-108
• Complete the application online, print it out, and mail it to Palm Beach Gardens, FL 33410
the Property Appraiser’s Office.
Once you qualify, your homestead exemption will be renewed
for you annually as long as you continue to qualify for the Susan
IRT-1848H-A
exemption.
Swafford
Tax Talk from page 7
review our “How to Guides” for step-by-step instructions 561-312-0457
on how to create a TDT account.
For any questions about tourist development tax,
please visit, www.pbctax.com/contact-us/tourist-
development-tax. 10%
Noteworthy Dates

Feb. 1 –Tourist OFF
Development Taxes Due
Feb. 20 –President’s Day Tues.
– Office Closed
Feb. 28 –Deadline for Products starting at 69
$
Property Tax 1 Percent New clients only
Discount