Page 26 - Abacoa Community News - January '25

Page 26, Abacoa
Palm Beach County Property Appraiser

Dear Taxpayer: All 5,029 properties with the agricultural classification an initial return or the value exceeds $25,000 will receive a
Happy New Year! in 2024 will be reviewed and monitored for changes of notice from our office of the requirement to file a return.
With a new year before ownership. If you had the land classification on your Florida allows an exemption up to $25,000 in value
us, my office has a renewed property in 2024, and the use has not changed, there is no for tangible personal property assets used by a business.
sense of purpose as we work need to reapply. However, if a property had a change of However, you must file an initial tangible personal property
to constantly improve our ownership or use in 2024, the owner would have to reapply tax return to receive the exemption. Thereafter, you need not
services. Every department for the classification in 2025. file an annual return unless the value of your tangible personal
in my office has created To qualify for a new agricultural land classification, the property exceeds $25,000 on January 1.
a list of goals to achieve qualifying agricultural use must be on site as of January 1, Once an initial paper return has been filed, you may save
over the year. Our focus for 2025. Applications should be submitted by March 3, 2025. time, paper, and postage by filing online. If you do need a
2025 includes improving You will be notified of the status of your application for paper form, you can download it using our Forms link. If
consistency across the office, the agricultural classification by mail on or before July 1. you have any questions about reporting personal property,
building an environment that makes staff and visitors from For more information, call our office at (561) 355-4577 tangible e-filing, or the $25,000 tangible exemption, please
all backgrounds feel welcome, and fostering innovation to or email myfarm@pbcpao.gov. call our office at (561) 355-2896 or email us at patangible@
improve efficiency. pbcpao.gov.
My staff develop these goals every year, driving our Business Tangible Personal Property Office Closed
progress as an office. I am proud to have one of the finest
professional staffs in the industry. Business tangible assets such as furniture, fixtures, and All Palm Beach County
You may see some of my stellar staff at the South Florida equipment are subject to ad valorem taxes. All businesses Property Appraiser’s Offices
Fair, as we will once again be able to take homestead are required to file a Tangible Personal Property Tax Return will be closed on Wednesday,
exemption applications on site. More on that is below, as are (Form DR 405) annually by April 1, unless the value of your January 1 and on Monday,
reminders about filing for an Agricultural Land Classification tangible personal property last year was under $25,000 and January 20 in honor of Dr.
and Business Tangible Personal Property Tax Return for you received notice from this office that your requirement to Martin Luther King Jr. Day.
2025. file has been waived. Businesses that have not previously filed
Wishing you a prosperous and wonderful year.
Respectfully,
Dorothy Jacks, CFA, FIAAO, AAS
Palm Beach County Property Appraiser

2025 South Florida Fair

The Palm Beach County Property Appraiser’s Office
will have a table in Expo West at the South Florida Fair $ $ 100 OFF $ 250
from January 17 to February 2. Staff will be will taking new 39Usually 95
$
homestead exemption applications and answering questions SERVICE CALL WITH ANY NEW UV LIGHT WITH ANY
from 10 a.m. to 6 p.m. on weekends and Martin Luther King, ANY A/C REPAIR WATER HEATER NEW INSTALLATION
( 750 Value)
$
Jr. Day, and from 12 to 8 p.m. weekdays. CALL FOR SERVICE CALL FOR SERVICE CALL FOR SERVICE
561-741-2825 561-741-2825 561-741-2825
Not valid with any other discounts, Not valid with any other discounts, Not valid with any other discounts,
offers, or coupons. Limit 1 discount offers, or coupons. Limit 1 discount offers, or coupons. Limit 1 discount
per transaction. Expires 2/04/25. per transaction. Expires: 2/04/25. per transaction. Expires: 2/04/25.

Reduce Tax With the Homestead Exemption
If you are a permanent Florida resident, you may be
eligible for a homestead exemption, which can generally save
you an estimated $750 to $1,000 in property taxes each year.
(Did you receive your pink homestead exemption receipt
card in the mail? If so, no need to refile. Simply keep the card
as your receipt that you have been automatically renewed for
another 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 January 1. This
exemption applies to all taxes, including school district taxes.
An additional exemption will be applied if your property’s
assessed value is between at least $50,000 and $75,000. The
second exemption will be up to $25,000 plus an adjustment
for inflation, per the passage of Amendment 5 last November.
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 the change in the Consumer Price Index, whichever
is lower.
Three ways to apply:
• E-file
• Visit one of our five service centers to file in person
• Complete the application online, print it out, and mail
it to our office
All homestead exemption applications for tax year 2025
must be submitted by March 3, 2025. Once you qualify, we
will renew your homestead exemption annually as long as
you continue to qualify for the exemption.
Visit pbcpao.gov to e-file and for information on other
available exemptions for seniors, families, veterans, and more.

All About Agricultural Land Classification
Properties with bona fide agricultural (good faith
commercial) activity may qualify for the agricultural land
classification. The taxable value of the land is based on the
annual net income per acre attributable to the land from
the agricultural operation.