Page 4 - The Shores of Jupiter - February '25

Page 4, The Shores
Palm Beach County Property Appraiser’s Office

Dear Taxpayer, A $25,000 exemption is applied to the first $50,000 of your • Senior Citizen (Limited-Income)
My office is busy property’s assessed value if your property is your permanent • Veterans Disability
preparing the 2025 Tax residence and you owned the property as of January 1. This • Widow/Widower Exemption
Roll, a report of the exemption applies to all taxes, including school district taxes. For more information, visit pbcpao.gov or call Exemption
combined value of all the An additional exemption (up to $25,000 plus an increase for Services at (561) 355-2866.
property (real and tangible) inflation) will be applied if your property’s assessed value
in Palm Beach County as of is between at least $50,000 and $75,000. This exemption is Portability — You Can Take It With You!
January 1. not applied to school district taxes. In addition, a homestead
This report will reflect exemption limits any increase to your assessed value to a If you sell your home and buy a new one, there is good
market data gleaned from maximum of 3% each year or the amount of the change in news – you may not lose all the tax savings accumulated over
property sales last year as the Consumer Price Index, whichever is lower. the years.
well as new construction, Three ways to apply: Portability refers to Florida’s Save Our Homes provision
demolition, land splits, land combinations, ownership • E-file at pbcpao.gov which allows you to transfer all or a significant portion of your
changes, and additions or removals of exemptions. • Visit one of our five service centers to file in person tax benefit, up to $500,000, from a home with a homestead
The numbers cited below are as of January 9 and • Complete the application online, print it out, and mail it exemption to a new home within the state of Florida that
are subject to change. to the Property Appraiser’s Office qualifies for a homestead exemption. The application
Our estimates show modest increases in sales volume Once you qualify, your homestead exemption will be deadline for portability is March 3, 2025.
over last year, indicating stabilization in the market. renewed for you annually as long as you continue to qualify You can e-file for portability when e-filing for your
• Commercial sales are up from 818 to 880 or 7.6% for the exemption. homestead exemption. Or, if you have already filed for a
• Condo sales are up from 16,877 to 17,417 or 3.2% Additional Exemptions homestead exemption and need only to file for portability, visit
• Residential sales are up 17,846 to 18,402 or 3.1% If you receive a homestead exemption, you may be eligible our website or call Exemption Services at (561) 355-2866.
New construction reflects the growth of our county for additional exemptions or discounts in the categories
as an estimated 5,000 new structures will be added to listed below. The application deadline for all additional Office Closed Due To Holiday
the 2025 Tax Roll. The rate of growth in single family exemptions is March 3, 2025.
homes is slightly down compared to last year. While more • Civilian Disability In honor of Presidents’ Day, the Palm Beach County
condos are projected be added this year than last, fewer • Institutional Exemptions Property Appraiser’s Office (including all of our Service
new commercial buildings will be added. • Florida Law Enforcement and First Responders Centers) will be closed on Monday, February 17, 2025.
• New Single-Family Homes – 3,512 down 1.5% from (Disabled in the line of duty)
2024 • Living Quarters for Parents or Grandparents (also known
• New Condominium Units – 1,060 up 9.5% from 2024 as the Granny Flat)
• New Commercial Buildings – 197 down 28.1% from
2024 “Service is our number one priority”
New construction numbers represent property that has
never been taxed before, adding new value to the 2025 561-743-0070
Tax Roll. This contributes to the tax base while sharing
the tax burden.
The deadline to file for a homestead exemption is www.palmspoolservices.com
March 3 this year. This is an excellent time of year to
review your homestead exemption status and examine
additional exemptions that may yield tax savings. In this
month’s newsletter, you will find information to help you
do just that. I hope you find it useful.
Respectfully,
Dorothy Jacks, CFA, FIAAO, AAS
Palm Beach County Property Appraiser

Homestead Exemption On Real Property

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. All Expires 3/15/25.
homestead exemption applications must be submitted
by March 3, 2025. State Licensed & Insured CPC #
Serving Palm Beach County 1457468 • LPG#30099

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