Page 20 - Southern Exposure - August '24

Page 20, Southern Exposure

loCal govErnmEnt from page 19
Palm Beach County Property Appraiser

Dear Taxpayer: 2024 TRIM – Your Notice Of Filing For A Homestead
Welcome August!
My office is preparing Proposed Property Taxes Exemption
the 2024 Truth in Millage
or TRIM notices. These The front of your TRIM notice shows the market, *If you already have a homestead exemption on your
notices of proposed property assessed and taxable values of your property, plus property and you have not purchased a new home in the
taxes will be mailed to every information about qualified exemptions and assessment past year, you do not need to reapply.
property owner in Palm caps. Florida law requires our office to value property If you are a permanent Florida resident, you may be
Beach County on Aug. 22. based on the status of the real estate market and the eligible for a homestead exemption, which can save you
TRIM is: personal property market as of Jan. 1. Our office welcomes generally $750 to $1,000 in property taxes each year.
• Your notification of any questions regarding your notice, property value and A $25,000 exemption is applied to the first $50,000 of
property value exemption amounts at (561) 355-2866 or MyExemption@ your property’s assessed value if your property is your
This notice shows the change in market, assessed and pbcpao.gov. permanent residence and you owned the property as of
taxable values of your property. The other side of your notice highlights the proposed Jan. 1. This exemption applies to all taxes, including
• An explanation of any exemptions millage, or tax rate, by taxing authority. These tax school district taxes. An additional exemption of up to
Any exemptions or assessment reductions are spelled out rates are set by your county, city, or other agency with $25,000 will be applied if your property’s assessed value
on the front of your notice. taxing authority. While state law requires the Property is between $50,000 and $75,000. This exemption is not
• Your chance to have a say in your tax rates Appraiser’s Office to value property based on the status of applied to school district taxes.
The notice shows proposed millages, or tax rates, for each the market, your tax rate is set by taxing authorities who In addition, a homestead exemption limits any increase
taxing authority, as well information about each authority’s answer to you, the voter. Every resident has the right to to your assessed value to a maximum of 3 percent each
budget hearing, so that you are empowered to participate in speak to the elected officials who levy taxes at the public year or the amount of change in the Consumer Price Index,
the process of setting your tax rates. meetings listed in your notice. If you have questions about whichever is lower. For 2024, the maximum increase will
We are always available to help you make sense of this your tax rates, contact the specific taxing authority listed be 3 percent.
notice and property appraisals, exemptions, and assessment in the TRIM. The deadline to file for homestead exemption is March
caps. An interactive TRIM guide will be live at pbcpao.gov/ If you have questions about tax collection, contact the 1 of the qualifying year.
trim this month, but please always feel free to contact us. Palm Beach County Tax Collector’s Office. Three Ways To Apply
As you review your notice, I invite you to contact my office at • E-file at pbcpao.gov. The fastest way to file, you can
(561) 355-2866 if you feel that the market value of your property Filing A Petition E-file without the deed the day you close on a home in
is inaccurate or missing an exemption. Additionally, you have Palm Beach County.
the right to file a petition through the Value Adjustment Board. If you feel that the market value of your property listed • Complete the application online, print it out, and mail
Your tax bill will be mailed by the Palm Beach County in your TRIM notice is inaccurate or does not reflect fair it to: Palm Beach County Property Appraiser’s Office,
Tax Collector in November. market value as of Jan. 1, 2024, or you are entitled to an Exemption Services, 1st Floor, 301 N. Olive Ave., West
In this month’s newsletter, a brief overview of the TRIM exemption or classification that is not reflected on your Palm Beach, FL 33401.
notice and an important reminder for those property owners notice, contact the Property Appraiser’s Office for an • Visit one of our five service centers to file in person.
who are permanent Florida residents but have not yet filed informal review at (561) 355-2866. Visit pbcpao.gov for information on other available
for a homestead exemption. If we are unable to resolve the matter, you have the right exemptions for seniors, families, veterans and more.
I hope you find this information beneficial and wish you to file a petition for adjustment with the Value Adjustment
a wonderful month. Board (VAB) through the Clerk of the Circuit Court and Local Government on page 21
Respectfully, Comptroller. They can be reached at (561) 355-6289.
Dorothy Jacks, CFA, FIAAO, AAS, Petitions must be filed with the VAB on or before
Palm Beach County Property Appraiser Monday, Sept. 16, 2024.

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