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The Florida Legislature recently passed a Property Tax Reform
package during its June special session. The package includes
the Senate Joint Resolution (SJR) 4-B, Property Tax Reform,
which provides property tax relief through a proposed constitutional
amendment; House Bill (HB) 1-B, Property Tax Reduction and
Reform, which requires local governments to roll-back rates
and limit growth of property taxes; and House Bill (HB) 5-B,
Special Election, which provides for a special election to
be held January 29, 2008 to allow the electors of the State
of Florida to vote on the amendment, SJR 4-B, to the State
Constitution.
If approved by voters, this amendment will take effect January
29, 2008 and will be retroactive to January 1, 2008.
HB 1-B, reduces county, city and special district property
taxes in fiscal year 2007-08 and limits growth of these taxes
in future years to the growth in Florida's economy. Some provisions
of this bill took effect upon becoming law, others take effect
only if the constitutional amendment is approved by the voters
on January 29, 2008.
HB 5-B provides for the special election scheduled to take
place January 29, 2008.
The Tax Collector cannot recommend which approach will be
the right one for you and your family. However, we will do
all we can to ensure you are able to find the information
you need to make an educated decision. The following resources
are now available:
The Palm Beach Post offers a tax calculator comparing the
two tax options available. The website is: www.palmbeachpost.com.*
To use this calculator properly, you will need to determine
both the assessed value AND the market value of your property.
Those values are available on the Property Appraiser's website
at www.pbcgov.com/papa.
Property Tax Reform package legislation information is available
at www.flsenate.gov
and www.myfloridahouse.gov.
Special Note: The Tax Collector offers the opportunity to
pay your property taxes in four installments. To participate
in the installment payment plan for payment of next year's
2008 property taxes:
- Your estimated property tax must be more than $100.00.
- Complete the Installment Payment Plan application, which
can be downloaded on our website at www.taxcollectorpbc.com.
- Return the completed application no later than April 30,
2008.
- The first installment payment must be made in June, 2008.
- Enrollment in the installment plan is complete when the
first payment is received in the Tax Collector's office
before June 30, 2008.
- Once enrolled, participation in the plan is required for
that entire tax year.
*The Tax Collector is not responsible for the accuracy of
any material published outside this office.
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