Page 7 - The Shores of Jupiter - August '24
P. 7

The Shores, Page 7
      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 notices                         The front of your TRIM notice shows the market, assessed     *If you already have a homestead exemption on your
      of proposed property taxes will                   and taxable values of your property, plus information about   property and you have not purchased a new home in the
      be mailed to every property                       qualified exemptions and assessment caps. Florida law   past year, you do not need to reapply.
      owner in Palm Beach County                        requires our office to value property based on the status     If you are a permanent Florida resident, you may be
      on Aug. 22.                                       of the real estate market and the personal property market   eligible for a homestead exemption, which can save you
        TRIM is:                                        as of Jan. 1. Our office welcomes any questions regarding   generally $750 to $1,000 in property taxes each year.
        •  Your notification of                         your notice, property value and exemption amounts at (561)     A $25,000 exemption is applied to the first $50,000 of
      property value                                    355-2866 or MyExemption@pbcpao.gov.                your property’s assessed value if your property is your
        This notice shows the change in market, assessed and taxable     The other side of your notice highlights the proposed   permanent residence and you owned the property as of
      values of your property.                          millage, or tax rate, by taxing authority.  These tax   Jan. 1. This exemption applies  to all taxes, including
        • An explanation of any exemptions              rates are set by your county, city, or other agency with   school district taxes. An additional exemption of up to
        Any exemptions or assessment reductions are spelled out on   taxing authority. While state law requires the Property   $25,000 will be applied if your property’s assessed value
      the front of your notice.                         Appraiser’s Office to value property based on the status of   is between $50,000 and $75,000. This exemption is not
        • Your chance to have a say in your tax rates   the market, your tax rate is set by taxing authorities who   applied to school district taxes.
        The notice shows proposed millages, or tax rates, for each   answer to you, the voter. Every resident has the right to     In addition, a homestead exemption limits any increase
      taxing authority, as well information about each authority’s   speak to the elected officials who levy taxes at the public   to your assessed value to a maximum of 3 percent each
      budget hearing, so that you are empowered to participate in the   meetings listed in your notice. If you have questions about   year or the amount of change in the Consumer Price Index,
      process of setting your tax rates.                your tax rates, contact the specific taxing authority listed   whichever is lower. For 2024, the maximum increase will
        We are always available to help you make sense of this notice   in the TRIM.                       be 3 percent.
      and property appraisals, exemptions, and assessment caps. An     If you have questions about tax collection, contact the     The deadline to file for homestead exemption is March
      interactive TRIM guide will be live at pbcpao.gov/trim this   Palm Beach County Tax Collector’s Office.  1 of the qualifying year.
      month, but please always feel free to contact us.                                                    Three Ways To Apply
        As you review your notice, I invite you to contact my office at   Filing A Petition                  • 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                                    E-file without the deed the day you close on a home in
      is inaccurate or missing an exemption. Additionally, you have     If you feel that the market value of your property listed   Palm Beach County.
      the right to file a petition through the Value Adjustment Board.   in your TRIM notice is inaccurate or does not reflect fair     • Complete the application online, print it out, and mail
        Your tax bill will be mailed by the Palm Beach County Tax   market value as of Jan. 1, 2024, or you are entitled to an   it to: Palm Beach County Property Appraiser’s Office,
      Collector in November.                            exemption or classification that is not reflected on your   Exemption Services, 1st Floor, 301 N. Olive Ave., West
        In this month’s newsletter, a brief overview of the TRIM   notice, contact the Property Appraiser’s Office for an   Palm Beach, FL 33401.
      notice and an important reminder for those property owners   informal review at (561) 355-2866.        • Visit one of our five service centers to file in person.
      who are permanent Florida residents but have not yet filed for     If we are unable to resolve the matter, you have the     Visit pbcpao.gov for information on other available
      a homestead exemption.                            right to file a petition for adjustment with the Value   exemptions for seniors, families, veterans and more.
        I hope you find this information beneficial and wish you a   Adjustment Board (VAB) through the Clerk of the Circuit
      wonderful month.                                  Court and Comptroller. They can be reached at (561)
                                            Respectfully,  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.
      Property Appraiser’s Office Submits Preliminary Tax Roll



      By Dorothy Jacks                                  property within Palm Beach County for purposes of ad     “For the first time in our county’s history, new
        Palm  Beach  County-wide  property (taxable) values   valorem taxation. Taxing authorities use these values to   construction topped $5 billion,” said Property Appraiser
      have increased 9.99 percent from 2023 to 2024, according   prepare their upcoming budgets and to determine their   Dorothy Jacks, CFA, AAS. “This is new value that is being
      to  the  2024  preliminary  tax  roll  that  the  Palm  Beach   proposed millage (tax) rates.        taxed for the first time this year, adding revenue to many
      County Property Appraiser’s Office submitted to Florida’s   Highlights                               districts.”
      Department of Revenue and to local taxing authorities   • Total market value: $514,083,273,824         Once the tax roll is approved, the property appraiser’s
      today. These values are based upon market conditions as   • Total taxable value: $318,011,189,076    office will prepare the notices of proposed property taxes
      of Jan. 1, 2024.                                  • Total net new construction taxable: $5,071,916,743  and non-ad valorem assessments. This individualized form
        The preliminary tax roll is a systematic listing of   • Total parcel count: 655,933                shows each Palm Beach County property owner the value
      information pertaining to  the just  valuation of  all real   • Total tangible accounts: 58,270      of their property, proposed tax rates and public hearing
                                                                                                           information. These notices are mailed in mid-August.
                                                                                                             This is the second of three certifications of value
          Are You Ready                                                     Hurricane?                     required by law of the property appraiser’s office. A final
                                                                                                           certification occurs prior to the Nov. 1 tax bill.

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