Page 6 - The Shores of Jupiter - April '24
P. 6

Page 6, The Shores
       Palm Beach County Property Appraiser




      Dear Taxpayer:                                    Beach County and staffed by qualified professionals. They
        Happy Spring!                                   administer the homestead exemption, additional property
        My  office  continues  to                       tax exemptions, mailing address and ownership changes,
      work on the 2024 tax roll                         portability applications and more.
      and make preparations for                         2023 Customer Service By The Numbers
      the release of the estimated                        • Phone calls: 89,053, down 11 percent from 2022
      2024 taxable property                               • Counter visits: 28,256, nearly flat from 2022
      values to the Palm Beach                            • E-files: 15,835, down 14 percent from 2022
      County taxing authorities                           • Total new homestead exemptions: 24,649, down 21
      at the end of May.                                percent from 2022
        These preliminary                                 • Portability applications: 6,865, nearly flat from 2022
      estimates assist the county,
      municipalities and other taxing authorities in projecting   Short-Term Rental Of A
      their budgets and tax rates and also provide a benchmark as
      to what revenue they can expect to receive from property   Homesteaded Property
      taxes in the coming year.
        After the taxing authorities have determined their     A provision in state law allows you to rent your
      budgets and proposed tax rates based on the preliminary   home for a short time without affecting your homestead
      estimates, my office will mail the notice of proposed taxes   exemption.
      to every property owner in August. The notice will detail     Florida law allows the following:
      the assessed value of your property, your proposed tax     • Rental for 30 days or less per calendar year.
      rates and an estimate of your tax bill. Stay tuned.    • Rental for more than 30 days and less than six months
        Also, as snowbird season comes to a close, we’ve   in one year. If you rent again the following year for more
      included important information on short-term rentals of   than 30 days, you will lose your homestead exemption
      a homesteaded property for those property owners who   for that tax year.
      benefit from the homestead exemption and are considering     •  Rental  on  any  day  except  Jan.  1.  If  your  home  is
      renting all or a portion of their homesteaded property.  rented on Jan. 1, you will lose the homestead exemption
        I hope  you find  this  information beneficial  and   for that year.
      interesting.                                        Rental  for  more  than  six months  constitutes
                                           Respectfully,  abandonment of a homestead exemption. Property owners
                         Dorothy Jacks, CFA, FIAAO, AAS,  are required to notify the property appraiser’s office when
                    Palm Beach County Property Appraiser  their property no longer qualifies for exemption. Failure to
                                                        do so could result in a homestead tax lien with substantial
      Palm Beach County Property                        penalty and interest.
                                                          This statute does not apply to a member of the Armed
      Appraiser’s Office Service                        Forces of the United States.
                                                          Be aware of  the law  before deciding  to  rent  your
      Centers                                           property. For more information, visit pbcpao.gov.org or
                                                        contact Exemption Services at (561) 355-2866.
        While  a  vast  array  of  services  and  information  are     Source:  Florida  Statute  196.061,  Florida  Statute
      available online 24/7 at pbcpao.gov, my office maintains   196.011 (9) (a)
      five service centers conveniently located throughout Palm


        It’s The Law!



        Did You Know That, In

        Florida…                                          How much will you

        By Adam S. Gumson,
        Esq.                                              need to retire?
          A certificate of trust
        is a legal document that
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          A contract is a legally binding agreement between
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          Having a will does not negate the need for probate.
        The will is actually the direction as to what happens
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