Page 10 - PGA Community News - February '24

Page 10, PGA C.A.N.! February 2024 February 2024
Palm Beach County Property Appraiser

Dear Taxpayer: Homestead Exemption On • Widow/widower exemption
My office is busy For more information, visit pbcpao.gov or call
preparing the 2024 Tax Real Property Exemption Services at (561) 355-2866.
Roll, a report of the
combined value of all the If you are a permanent Florida resident, you may be Portability – You Can Take It
property (real and tangible) eligible for a homestead exemption, which can save you
in Palm Beach County as of generally $750 to $1,000 in property taxes each year. All With You!
Jan. 1. homestead exemption applications must be submitted by
This report will reflect March 1. If you sell your home and buy a new one, there is good
market data gleaned from A $25,000 exemption is applied to the first $50,000 of your news. – You may not lose all the tax savings accumulated
property sales last year as property’s assessed value if your property is your permanent over the years.
well as new construction, residence and you owned the property as of Jan. 1. This Portability refers to Florida’s Save Our Homes
demolition, land splits, land combinations, ownership exemption applies to all taxes, including school district taxes. provision which allows you to transfer all or a significant
changes, and additions or removals of exemptions. An additional exemption of up to $25,000 will be applied if portion of your tax benefit, up to $500,000, from a home
The numbers cited below are as of Jan. 12 and are your property’s assessed value is between at least $50,000 with a homestead exemption to a new home within the
subject to change. and $75,000. This exemption is not applied to school district state of Florida that qualifies for a homestead exemption.
Our estimates show a decrease in sales volume over taxes. In addition, a homestead exemption limits any increase The application deadline for portability is March 1.
last year, indicating a continued slowing in demand. to your assessed value to a maximum of 3 percent each year You can e-file for portability when e-filing for your
• Commercial sales are down from 1,275 to 818 or or the amount of the change in the Consumer Price Index, homestead exemption. Or, if you have already filed for a
35.8 percent. whichever is lower. homestead exemption and need only to file for portability, visit
• Condo sales are down from 21,196 to 16,877 or 20.4 There Are Three Ways To Apply our website or call Exemption Services at (561) 355-2866.
percent. • E-file at pbcpao.gov
• Residential sales are down from 21,638 to 17,846 or • Visit one of our five service centers to file in person Office Closed Due To Holiday
17.5 percent. • Complete the application online, print it out, and mail
New construction reflects the growth of our county as it to the Property Appraiser’s Office In honor of Presidents’ Day, the Palm Beach County
an estimated 5,000 new structures will be added to the Once you qualify, your homestead exemption will be Property Appraiser’s Office (including all of our Service
2024 Tax Roll. The rate of growth in single-family homes renewed for you annually as long as you continue to qualify Centers) will be closed on Monday, Feb. 19.
remains unchanged from last year while more condos and for the exemption.
commercial buildings are projected to be added this year
than last. Additional Exemptions
• New Single-Family Homes – 3,566, almost no change
from 2023 If you receive a homestead exemption, you may be
• New Condominium Units – 968, up 26 percent from eligible for additional exemptions or discounts in the
2023 categories listed below. The application deadline for all
• New Commercial Buildings – 274, up 8.7 percent additional exemptions is March 1.
from 2023 • Civilian disability
New construction numbers represent property that has • Institutional exemptions
never been taxed before, adding new value to the 2024 • Florida law enforcement and first responders (disabled
Tax Roll. This contributes to the tax base while sharing in the line of duty)
the tax burden. • Living quarters for parents or grandparents (also
As the deadline to file for a homestead exemption known as the granny flat)
is March 1, this is an excellent time of year to review • Senior citizen (limited-income)
your homestead exemption status and examine additional • Veterans disability
exemptions that may yield tax savings. In this month’s
newsletter, you will find information to help you do just
that. I hope you find it useful.
Respectfully,
Dorothy Jacks, CFA, FIAAO, AAS,
Palm Beach County Property Appraiser

John Deloach

Experienced Driver

For your errands and airport transportation
Ride in my Lincoln
Continental
References available
upon request
Please call (561) 310-1063

F AIRWAY PHYSICAL THERAPY

IS NOW
FUNXION REHAB

CENTER!

Brett Richman, PT Owner

Physical Therapy Visits also offered
in the home for convenience at no

additional cost!

Most Insurances accepted
LA Fitness Plaza - PGA National
We have moved from Suite 27 to Suite 42

(P)561 775-7775 (F) 561 293-2730