Page 7 - Jupiter Ocean Mile - February '23

Jupiter Ocean Mile, Page 7
Palm Beach County Property Appraiser’s Office

Dear Taxpayer: • Condo sales are down from 26,174 to 19,221 or 26.6 homestead exemption status and examine additional exemptions
My office is busy preparing percent. that may yield tax savings. In this month’s newsletter, you will
the 2023 Tax Roll, a report of • Residential sales are down from 24,729 to 18,893 or find information to help you do just that. I hope you find it useful.
the combined value of all the 23.6 percent. Respectfully,
property (real and tangible) New construction has been mixed. While an estimated Dorothy Jacks, CFA, AAS,
in Palm Beach County as of 5,000 new structures will be added to the 2023 Tax Roll, Palm Beach County Property Appraiser
Jan. 1. there will be fewer new condominium units added to the
This report will reflect 2023 Tax Roll than were added in the previous year. Homestead Exemption On
market data gleaned from • New Single-Family Homes – 3,742 up 10 percent
property sales last year as from 2022 Real Property
well as new construction, • New Condominium Units – 876 down 32 percent
demolition, land splits, land from 2022 If you are a permanent Florida resident, you may be eligible
combinations, ownership changes, and additions or removals • New Commercial Buildings – 310 up 49.8 percent for a homestead exemption, which can save you generally
of exemptions. from 2022 $750 to $1,000 in property taxes each year. All homestead
The numbers cited below are as of Jan. 9 and are subject New construction numbers represent property that has never exemption applications must be submitted by March 1.
to change. been taxed before, adding new value to the 2023 Tax Roll. This A $25,000 exemption is applied to the first $50,000 of your
Our estimates show a decrease in sales volume over last year. contributes to the tax base while sharing the tax burden. property’s assessed value if your property is your permanent
This is a good indicator of slowing demand. As the deadline to file for a homestead exemption is residence and you owned the property as of Jan. 1. This
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• Commercial sales are down from 809 to 782 or 3.3 percent. March 1, this is an excellent time of year to review your 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. In addition, a homestead exemption limits any increase
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.
FEBRUARY 23-26 Three ways to apply:
• E-file at pbcgov.org/PAPA.
• Visit one of our five service centers to file in person.
• Complete the application online, print it out, and mail it
WHERE GRIT to the Property Appraiser’s Office.
Once you qualify, your homestead exemption will be
renewed for you annually as long as you continue to qualify
MEETS GREEN for the exemption.
Visit pbcgov.org/PAPA to E-file and for information on other
available exemptions for seniors, families, veterans, and more.

Additional Exemptions

If you receive a homestead exemption, you may be
eligible for additional exemptions or discounts in the
categories listed below. The application deadline for
all additional exemptions is March 1.
• Civilian disability
• Institutional exemptions
• Florida law enforcement and first responders
(disabled in the line of duty)
• Living quarters for parents or grandparents (also
known as the granny flat)
• Senior citizen (limited income)
• Veteran’s disability
C • Widow/widower exemption
For more information, visit pbcgov.org/PAPA or call
M
Exemption Services at (561) 355-2866.
Y
Portability – You Can Take It
CM
MY
With You!
CY
CMY
If you sell your home and buy a new one, there is good
K
news – you may not lose all the tax savings accumulated over
the years.
Portability refers to Florida’s Save Our Homes provision
which allows you to transfer all or a significant portion of your
Every year, tax benefit, up to $500,000, from a home with a homestead
determined exemption to a new home within the state of Florida that
players converge in qualifies for a homestead exemption. The application
Palm Beach Gardens deadline for portability is March 1.
for 72 holes of the You can E-file for portability when E-filing for your
SEPP STRAKA homestead exemption. Or, if you have already filed for a
2022 CHAMPION fiercest competition homestead exemption and need only to file for portability, visit
on the PGA TOUR. It’s our website or call Exemption Services at (561) 355-2866.
called The Honda
Classic for a reason: Office Closed Due To Holiday
because the same
challenging spirit that In honor of Presidents’ Day, the Palm Beach County
defines Honda will drive Property Appraiser’s Office (including all of our service
one competitor above all centers) will be closed on Monday, Feb. 20.
the rest. It’s all happening at
the PGA National Resort, on
a course fittingly known as
“The Champion.” Get your
ticket to history at
TheHondaClassic.com.