RE/MAX Elite

Things you'll need to know before filling out a property tax form

by Deborah Tomczak 06/30/2024

Property taxes have been used for years to fund public resources and institutions such as schools, parks, fire and police departments and more to improve the community. 


If you own a home, land, or business, you may be familiar with the forms needed to document your property tax information. However, knowing about exemptions and what exactly is being calculated can give you a better understanding of this tax information. 


What are personal property taxes? 

Local governments request tax forms containing information on the property you own, the land the property is on, equipments and information about any income being generated by the property if applicable and other movable structures under your name. 


Can I get a partial exemption for any reason?

Depending on your state, individuals meeting certain requirements may receive a partial tax exemption. 


This includes but isn’t limited to individuals with physical and mental disabilities. Individuals making under a certain amount of income yearly can also receive partial tax exemption from the state. The income amount is based off the previous year's tax information prior to turning in an application for exemption. 


Does property tax involve forms of personal property other than my home?

In addition to your home, the state also includes other items belonging to you under personal property. These items include: 

  • Campers
  • Farm equipment 
  • Boats
  • Business equipment such as furniture
  • Etc. 


Property taxes can be confusing and difficult, so if you need assistance filling out your property tax form, consider speaking with your local property tax office.



About the Author
Author

Deborah Tomczak

Hello, my name is Deborah Tomczak, One of the Top Selling Real Estate Agents on the Space Coast working with Remax/Elite. 

I specialize in the business of pairing discerning buyers with homes that match their wants and needs, and maximizing profits for people with real estate to sell. But more important, I make sure you are communicated with during the entire process to reduce stress and ensure a positive outcome. 

I bring a 25 year corporate career in marketing and advertising to my 19 year real estate business, allowing me to utilize skills and experience to make the best use my clients time and minimize unforeseen challenges that may arise.  

I'd be honored to put my real estate experience to work for you.