Page 11 - Boca Exposure - July '24

Boca Exposure, Page 11
Palm Beach County Property Appraiser

Dear Taxpayer, 2024 Tax Roll Update
Recently, my office
announced the award of July is an important month as my office
six college scholarships submits the 2024 preliminary tax roll to Florida’s
to outstanding high school Department of Revenue (DOR) and local taxing
seniors in Palm Beach authorities.
County. Each was awarded Values are based on the status of market as
$1,500 and an opportunity of Jan. 1. Members of my office’s Scholarship Committee with this year’s awardees,
to participate in a paid According to my office’s estimates delivered at the left to right Victor Paniagua, Alex Hernandez Gomez, Lillian Cruz, Yadira
internship in my office. end of May, Palm Beach Countywide taxable property Silvestre, Tracey-Ann Wiggan, Giselle Silvestre
• Lillian J. Cruz, values have increased 9.12 percent from 2023 to 2024.
graduating from John I. The overall increase in taxable value slowed compared Application Status For
Leonard High School, attending Florida Atlantic to previous years. Market values for some building types Exemptions, Portability,
University have begun to flatten, and this is reflected in the difference
• Alex Hernandez Gomez, graduating from Pahokee between the county-wide taxable value, and the tax base for Agricultural Classifications
Middle-Senior High School, attending Palm Beach State the School Board.
College Taxable values for the School Board increased 5.90 percent, Have You Submitted An Application For An Exemption,
• Victor Paniagua, graduating from Pahokee Middle- more than three percentage points lower than the county, because Portability Or Agricultural Classification?
Senior High School, attending Palm Beach State College the School Board more closely follows market values. The School My office is processing these applications and will
• Yadira Silvestre, graduating from Glades Central Board is not subject to certain exemptions and caps, so it saw begin status notifications. If denied, you have the right to
Community High School, attending higher increases in taxable value in previous years. Now that file a petition for adjustment with the Value Adjustment
University of South Florida some markets have slowed, that rate of increase has also slowed. Board (VAB) through the Clerk of the Circuit Court &
• Giselle Silvestre, graduating In contrast, countywide taxable values are growing in part Comptroller. They can be reached at (561) 355-6289.
from Glades Central Community due to the recapture of tax caps savings. Florida law requires Property Tax Exemptions And Portability
High School, attending University that the assessed value of a property continue to increase by the If you submitted an application on or before March 1
of South Florida maximum cap amount each year until the assessed value equals and your application was denied, a Notice of Denial will
• Tracey-Ann Wiggan, the market value. Even if the market value of a property does be mailed on July 1, 2024. The deadline to file a petition
graduating from Pahokee Middle- not increase, its assessed value may increase. with the VAB for an exemption is 5 p.m. on July 31. The
Senior High School, attending Florida A&M University Other highlights of the estimates include: deadline to file a petition for the denial of a portability
Since 1994, the PAO has awarded $179,000 in college • Market Value - $503,364,930,657 benefit is 5 p.m. on Sept. 16. For questions about
scholarships, completely funded by employee donations. • Taxable Value - $315,500,832,798 exemptions or portability, contact Exemption Services at
It’s really a joy to reward these incredible students • Net New Construction - $4,966,761,361 (561) 355-2866 or MyExemption@pbcpao.gov.
who have demonstrated excellence in academic • Percent Increase (taxable value) - 9.12 percent Agricultural Classification
ability, persistence, leadership, and service to others. • Real Property Parcels – 655,938 Notifications of the status of your application will be
Congratulations to each of them and congratulations to • Total Tangible Personal Property Accounts – 58,019 mailed out on July 1. If your agricultural classification
the entire Class of 2024. The above values are only estimates and subject to change. application is denied, the deadline to file a petition with the
In this month’s newsletter, an update on the 2024 tax Once the tax roll receives approval from Florida’s DOR, my VAB is 5 p.m. on July 31. For agricultural classification
roll process and the status of applications for exemptions office will notify all property owners of both their home value questions, contact the Agriculture Department at (561)
and classification. and proposed tax rate in the Notice of Proposed Property Taxes 355-4577 or MyFarm@pbcpao.gov.
Have a happy and safe Independence Day. mailed mid-August. While state law requires my office to value
Respectfully, property based on the status of the market, your tax rate is set
Dorothy Jacks, CFA, FIAAO, AAS, by taxing authorities who answer to you. Their public meetings
Palm Beach County Property Appraiser are listed in your notice.

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