Page 13 - Talk of Tequesta - August '24

The Talk Of Tequesta, Page 13

loCal governmenT

Palm Beach County Property Appraiser

Dear Taxpayer: This notice shows the change in market, assessed and at pbcpao.gov/trim this month, but please always feel free
Welcome August! taxable values of your property. to contact us.
My office is preparing • An explanation of any exemptions As you review your notice, I invite you to contact my
the 2024 Truth in Millage Any exemptions or assessment reductions are spelled office at (561) 355-2866 if you feel that the market value
or TRIM notices. These out on the front of your notice. of your property is inaccurate or missing an exemption.
notices of proposed • Your chance to have a say in your tax rates Additionally, you have the right to file a petition through
property taxes will be The notice shows proposed millages, or tax rates, for the Value Adjustment Board.
mailed to every property each taxing authority, as well information about each Your tax bill will be mailed by the Palm Beach County
owner in Palm Beach authority’s budget hearing, so that you are empowered to Tax Collector in November.
County on Aug. 22. participate in the process of setting your tax rates. In this month’s newsletter, a brief overview of the
TRIM is: We are always available to help you make sense of TRIM notice and an important reminder for those property
• Your notification of this notice and property appraisals, exemptions, and owners who are permanent Florida residents but have not
property value assessment caps. An interactive TRIM guide will be live yet filed for a homestead exemption.
I hope you find this information beneficial and wish
you a wonderful month.
Respectfully,
Dorothy Jacks, CFA, FIAAO, AAS,
Palm Beach County
Property Appraiser

2024 TRIM – Your Notice Of
Proposed Property Taxes

The front of your TRIM notice shows the market, assessed
and taxable values of your property, plus information about
qualified exemptions and assessment caps. Florida law
requires our office to value property based on the status
of the real estate market and the personal property market
as of Jan. 1. Our office welcomes any questions regarding
your notice, property value and exemption amounts at (561)
355-2866 or MyExemption@pbcpao.gov.
The other side of your notice highlights the proposed
millage, or tax rate, by taxing authority. These tax
rates are set by your county, city, or other agency with
taxing authority. While state law requires the Property
Appraiser’s Office to value property based on the status of
the market, your tax rate is set by taxing authorities who
answer to you, the voter. Every resident has the right to
speak to the elected officials who levy taxes at the public
meetings listed in your notice. If you have questions about
your tax rates, contact the specific taxing authority listed
in the TRIM.
If you have questions about tax collection, contact the
Palm Beach County Tax Collector’s Office.
Filing A Petition

If you feel that the market value of your property listed
in your TRIM notice is inaccurate or does not reflect fair
market value as of Jan. 1, 2024, or you are entitled to an
exemption or classification that is not reflected on your
notice, contact the Property Appraiser’s Office for an
informal review at (561) 355-2866.
If we are unable to resolve the matter, you have the right
to file a petition for adjustment with the Value Adjustment
Board (VAB) through the Clerk of the Circuit Court and
Comptroller. They can be reached at (561) 355-6289.
Petitions must be filed with the VAB on or before
Monday, Sept. 16, 2024.

Filing For A Homestead

Exemption

*If you already have a homestead exemption on your
property and you have not purchased a new home in the
past year, you do not need to reapply.
If you are a permanent Florida resident, you may be
eligible for a homestead exemption, which can save you
generally $750 to $1,000 in property taxes each year.
A $25,000 exemption is applied to the first $50,000 of
your property’s assessed value if your property is your
permanent residence and you owned the property as of
Jan. 1. This exemption applies to all taxes, including
school district taxes. An additional exemption of up to
$25,000 will be applied if your property’s assessed value
is between $50,000 and $75,000. This exemption is not
applied to school district taxes.
In addition, a homestead exemption limits any increase
to your assessed value to a maximum of 3 percent each
year or the amount of change in the Consumer Price Index,
whichever is lower. For 2024, the maximum increase will
be 3 percent.

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