Misc Calling it

[Bob Wells]

3% is correct, but I don't believe there's any cap without homestead.

I asked Gregor that and think that is what he told me.

 

[Matt J]

I asked Gregor that and think that is what he told me.

We'll run with that. Glad there's a cap for non homestead, the last two years would have bankrupted some.

 

[Bob Wells]

We'll run with that. Glad there's a cap for non homestead, the last two years would have bankrupted some.

But it has to be reassessed at full market after it changes hands

Dorothy Jacks, CFA, AAS, Palm Beach County Property Appraiser

www.pbcgov.org

 

[SUP Boarder]

But it has to be reassessed at full market after it changes hands

Dorothy Jacks, CFA, AAS, Palm Beach County Property Appraiser

www.pbcgov.org

Correct



FS Chapter 193 ASSESSMENTS

 

[springfield4]

I’m confused because I just looked at our TRIM and the assessed value increased 40% from 2021 and we are homesteaded.

 

[Bob Wells]

I’m confused because I just looked at our TRIM and the assessed value increased 40% from 2021 and we are homesteaded.

Assessed or Market Value

 

[springfield4]

Assessed or Market Value

Assessed Value however it is the same number as Just(Market) Value

 

[Bob Wells]

Assessed Value however it is the same number as Just(Market) Value

Is this a recent purchase?

 

[springfield4]

Is this a recent purchase?

No. 2014

 

[Bob Wells]

No. 2014

I would go to the property appraisers office. I figured my assessed value increase and it was 3%. My market value was up 36%.