Page 38 - Southern Exposure- March '20

Page 38, Southern Exposure

loCal governmenT

Property Appraiser’s Office

Dear Taxpayers: Business Tangible leasehold improvements, supplies, leased equipment and
Since 1995, the State of any other assets used by the business.
Florida has implemented a 3 Personal Property The filing deadline is April 1. Failure to file will result
percent Save Our Homes Cap in the loss of the exemption and the assessment of penalties
(SOH) assessment increase Florida allows an exemption up to $25,000 in value for per Florida Statutes, Sections 193.072 and 193.073.
limit on all residential tangible personal property assets used by a business. You Save time, paper, and postage by filing online using the
properties that receive a must file an initial Tangible Personal Property Tax Return E-File link on our website www.pbcgov.org/papa. If you
homestead exemption. The (DR-405) to receive the exemption. Thereafter you need need a paper form (DR-405) you can download it from our
3 percent SOH Cap limits not file an annual return unless the value of your tangible website using the Forms link. If you have any questions
any increase to the assessed personal property exceeds $25,000 on Jan. 1. Tangible about reporting personal property, tangible e-filing or the
value of a homestead exempt personal property used in a business includes furniture, $25,000 tangible exemption, please call our office at (561)
property to a maximum of 3 percent each year or the fixtures, machinery, tools, equipment, appliances, signs, 355-2896 or email us at patangible@pbcgov.org.
change in the Consumer Price Index, whichever is lower.
The Florida Department of Revenue (DOR) reports this
statutory determination each January. For 2020, the SOH Property Appraiser’s because the money raised for the scholarships is 100 percent
maximum increase will be 2.3 percent. Office Annual Scholarship funded by the staff who participate in “Friday Casual Dress
The homestead exemption in the state of Florida can Day,” a volunteer donation program.
save hundreds of dollars in property taxes for permanent Awards Program For more information, call (561) 355-3230 or go to our
Florida residents. The first $25,000 in property value is website, www.pbcgov.org/PAPA and click on the “Learn
exempt from all property taxes, including school district The Palm Beach County Property Appraiser’s Office (PAO) More” tab and click on “About Our Office.” You will find the
taxes. The additional $25,000 exemption is available for is accepting applications for the 27th Annual Scholarship application online.
non-school taxes and applies only to the assessed value Awards Program. This year, my office is
between $50,000 and $75,000. If you already have a offering six college scholarship awards,
homestead exemption on your property, you do NOT need $1,500 each to graduating (Palm Beach
to reapply. County) high school seniors, who will attend
March 2 is the deadline to file for the homestead accredited higher education institutions. The
exemption and other property tax exemptions, which deadline to submit is March 31.
include those for seniors, widows and widowers, persons To be eligible for a scholarship award,
with disabilities, active-duty military, veterans, “granny a student must be a resident of Palm Beach
flats” and more. In addition, if you’re moving within County, have a minimum of 3.0 GPA, and
the state of Florida and you’re filing for a homestead plan to attend an accredited higher-education
exemption, you can e-file for portability. (Portability institution (college or junior college).
is transferring all or a significant portion of your cap In addition to receiving a scholarship,
savings, up to $500,000, from a home with a homestead each recipient will be offered an opportunity
exemption to a new home within the state of Florida for a paid summer internship in the property
that qualifies for a homestead exemption.) For more appraiser’s office.
information, go to our website: www.pbcgov.org/PAPA Since 1994, the PAO has awarded nearly
or call Exemption Services at (561) 355-2866. $140,000 in college scholarships. The
In this month’s article, a reminder to all business program is particularly special to the PAO Property Appraiser Dorothy Jacks with 2019 scholarship recipients
owners in Palm Beach County about filing for a Tangible
Personal Property Tax Return for 2020 and my office’s
annual college scholarship application process is now
open. Enjoy reading and wishing you a happy spring.
Respectfully,
Dorothy Jacks, CFA, AAS,
Palm Beach County Property Appraiser

Need a Private Jet?

Call for a quote.

One-Way Pricing Available

Kerry Hill Mobile 24/7 561.644.3914
Senior Flight Coordinator Kerry@StratosJets.com

NEED A/C? We’ve Got You Covered! Lighthouse Luminary

Luncheon - March 11
Twilight Yoga at the Light -
March 2, 9, 16, 23, 30
“WE SHOW March Events Lighthouse Story Time & Crafts for

UP!” Kids - March 3
Lighthouse Sunset Tour -
March 4, 11, 18, 25
Hike Through History - March 7
Jupiter Lighthouse Climb & Paddle -
March 31

Wild & Scenic Film Festival
April 10 & 11

Check website for times and to RSVP.
Call Today for a FREE estimate! jupiterlighthouse.org/calendar
561.575.2173
231 Jupiter St., Jupiter, FL jupiterlighthouse.org 561-747-8380
www.MiklosAir.com 500 Captain Armour’s Way, Jupiter