New Year, New Assessment
For property owners in Florida, January 1 valuation isn’t just the start of a new year: it’s also the official assessment date for property taxes. This means the Saint Lucie County Property Appraiser’s Office determines your property’s value and eligibility for exemptions as of that date.
What does this mean for you?
- Your property value will be based on its “just market value” as of January 1. This means considering factors like comparable sales in your neighborhood, recent additions, and overall market conditions.
If you bought your property in 2023, the property’s value will be reset to just market value and Any exemptions or caps from the previous owner will no longer apply. This will also be the first year to apply for Homestead Exemption, Portability, or any other exemptions you may qualify for. Ready to claim your exemptions?
The good news is, filing for exemptions is easy. You can do it online at www.paslc.gov before the deadline of March 1, 2024. Don’t miss out on valuable savings!
What to expect next:
You’ll receive your TRIM Notice in mid-August. This notice will outline your property’s assessed value, any exemptions applied, and your estimated property tax liability.
Here are some additional tips for navigating the January 1 assessment:
- Visit our website at www.paslc.gov to learn more about how your value is determined and the various exemptions available to residents. Additionally, you can view videos about our TRIM process and information for new homeowners. Understand that your taxable value the first year of purchase may increase the next year dependent upon the exemptions applied under the previous owner.
- Contact the Property Appraiser’s Office if you have any questions: We are here to assist you in the assessment and exemption process.
With a little planning and preparation, you can easily navigate the January 1assessment and ensure you are receiving all exemptions you are entitled to.
Keep an eye out for future articles in this series where we’ll delve deeper into specific exemptions and tax-saving strategies for Saint Lucie County property owners!
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