Other 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

PAPA - Palm Beach County Property Appraiser's Office

www.pbcgov.org

 

[SUP Boarder]

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

PAPA - Palm Beach County Property Appraiser's Office

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%.