Boynton Beach residents will have the opportunity to file for an exemption that will save them money come tax time.
A representative from the Palm Beach County Property Appraiser’s Office will be at the Boynton Beach City Library, 208 S. Seacrest Blvd., from 11 a.m. to noon Wednesday, Aug. 19 to help homeowners in registering for the homestead exemption.
The homestead exemption is designed to protect the value of the homes of residents from property taxes, creditors and circumstances arising from the death of the homeowner spouse.
A homestead exemption is most often only on a fixed monetary amount, such as the first $50,000 of the assessed value. The remainder is taxed at the normal rate. For example, a home valued at $150,000 would then only be taxed on $100,000.
Every person who has legal title on Jan. 1 to a residential property and lives there permanently qualifies for this exemption.
Read more about this story in the Aug. 19 issue of the Boynton Forum.
For information on Florida’s Homestead Exemption program, visit the Palm Beach County Property Appraiser’s website at www.co.palm-beach.fl.us/papa, or call 561-355-2866.
Mike Rothman can be reached at mkrothman@tribune.com.