Page 27 - Boca ViewPointe - February '25

February 2025 Viewpointe, Page 27
Palm Beach County Property Appraiser’s Office

Dear Taxpayer, • Condo sales are up from 16,877 to 17,417 or 3.2% your homestead exemption status and examine additional
My office is busy • Residential sales are up 17,846 to 18,402 or 3.1% exemptions that may yield tax savings. In this month’s
preparing the 2025 Tax Roll, New construction reflects the growth of our county as an newsletter, you will find information to help you do just that.
a report of the combined estimated 5,000 new structures will be added to the 2025 Tax I hope you find it useful.
value of all the property (real Roll. The rate of growth in single family homes is slightly Respectfully,
and tangible) in Palm Beach down compared to last year. While more condos are projected Dorothy Jacks, CFA, FIAAO, AAS
County as of January 1. be added this year than last, fewer new commercial buildings Palm Beach County Property Appraiser
This report will reflect will be added.
market data gleaned from • New Single-Family Homes – 3,512 down 1.5% from Homestead Exemption On Real Property
property sales last year as 2024
well as new construction, • New Condominium Units – 1,060 up 9.5% from 2024 If you are a permanent Florida resident, you may be
demolition, land splits, land • New Commercial Buildings – 197 down 28.1% from eligible for a homestead exemption, which can save you
combinations, ownership changes, and additions or removals 2024 generally $750 to $1,000 in property taxes each year. All
of exemptions. New construction numbers represent property that has homestead exemption applications must be submitted by
The numbers cited below are as of January 9 and are never been taxed before, adding new value to the 2025 Tax March 3, 2025.
subject to change. Roll. This contributes to the tax base while sharing the tax A $25,000 exemption is applied to the first $50,000
Our estimates show modest increases in sales volume burden. of your property’s assessed value if your property is your
over last year, indicating stabilization in the market. The deadline to file for a homestead exemption is permanent residence and you owned the property as of
• Commercial sales are up from 818 to 880 or 7.6% March 3 this year. This is an excellent time of year to review January 1. This exemption applies to all taxes, including
school district taxes. An additional exemption (up to
$25,000 plus an increase for inflation) will be applied if
your property’s assessed value is between at least $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%
each year or the amount of the change in the Consumer
Price Index, whichever is lower.
Three ways to apply:
• E-file at pbcpao.gov
• Visit one of our five service centers to file in person
• Complete the application online, print it out, and mail
it to the Property Appraiser’s Office
Once you qualify, your homestead exemption will be
renewed for you annually as long as you continue to qualify
for the exemption.
Additional Exemptions
If you receive a homestead exemption, you may be eligible
for additional exemptions or discounts in the categories
listed below. The application deadline for all additional
exemptions is March 3, 2025.
• Civilian Disability
• Institutional Exemptions
• Florida Law Enforcement and First Responders
(Disabled in the line of duty)
• Living Quarters for Parents or Grandparents (also known
as the Granny Flat)
BUYER? Call Joe Young SELLER? • Senior Citizen (Limited-Income)

• Veterans Disability
THIS IS THE MARKET YOU YOU NEED EXPOSURE & • Widow/Widower Exemption
For more information, visit pbcpao.gov or call Exemption
HAVE BEEN WAITING FOR! AGGRESSIVE MARKETING! Services at (561) 355-2866.
(561) 756-8508 (561) 756-8508 Portability — You Can Take It With You!
Hope everyone is doing okay during these challenging times. I am here to assist any way I can. If you sell your home and buy a new one, there is good
news – you may not lose all the tax savings accumulated over
the years.
NEW LISTING RENTAL which allows you to transfer all or a significant portion of your
Portability refers to Florida’s Save Our Homes provision
tax benefit, up to $500,000, from a home with a homestead
exemption to a new home within the state of Florida that
qualifies for a homestead exemption. The application
deadline for portability is March 3, 2025.
You can e-file for portability when e-filing for your
homestead exemption. Or, if you have already filed for a
homestead exemption and need only to file for portability, visit
our website or call Exemption Services at (561) 355-2866.
8013 Travelers Tree Drive $629,000 23361 Butterfly Palm Court Office Closed Due To Holiday
2/2 2,352 total sq. ft. $5,900 In honor of Presidents’ Day, the Palm Beach County
Property Appraiser’s Office (including all of our Service
Centers) will be closed on Monday, February 17, 2025. 
REDUCED PENDING

859 Jeffery Street $639,000 23371 Feather Palm Court $859,000
3/2 1,682 total sq. ft. 5/3.1 4,060 total sq. ft.

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