By Marty Kiar

The Property Appraiser’s Office does not set your tax rates, collect property taxes, or determine how the tax revenue is allocated by local government. Florida law requires our office to assess all property based on the market data on January 1 of each year. We are also able to grant tax-saving exemptions to qualified applicants. The property tax bills are mailed by the Broward County’s Records, Taxes & Treasury Division. If you have questions regarding the payment of your tax bill, please contact their office at 954.831.4000 or visit their website at https://www.broward.org/RecordsTaxesTreasury

Where Is My 2023 Homestead Exemption?

The tax bill you received this November from the Broward County Tax Collector is for the 2022 tax year. If you purchased your home in 2022 and the previous owners of your new home were entitled to and received Homestead Exemption or any other exemption on January 1, 2022, you may have inherited their exemptions on your 2022 property tax bill. Florida Statutes require these 2022 exemptions be removed for 2023 and the property be reassessed at the 2023 Just/Market Value. This will often result in an increase in your 2023 property taxes so it is important you apply for 2023 Homestead Exemption and any other exemptions for which you may qualify.  Your new 2023 Homestead Exemption will be reflected next year on all 2023 property records, notices, and tax bills. Any exemptions applied to the tax bill are totaled and shown in the third column “Exemptions” on the individual tax bill. Any new 2023 Homestead Exemptions will show online in late-December.

If you have any questions regarding your Homestead Exemption or other tax-saving exemptions, please contact our Customer Service Department at 954.357.6830.

Escrow Adjustments for 2022 Tax Bills 

The Property Appraiser’s Office does not handle anything related to the financing of property. If you make monthly escrow payments for your property taxes, your mortgage or escrow company typically does an escrow analysis after paying your annual tax bill. After this analysis, your mortgage company will contact you directly if there is any change to your monthly payment. Should you have any questions about this, you should contact your mortgage company for assistance. 

Quarterly Installment Payments

If you pay your property taxes through Broward County’s quarterly installment plan, any newly approved 2022 exemptions will be applied to the 3rd and 4th installment payment amounts.  Any adjustments for 2022 are made on the final two quarterly 2022 installment tax bills.  

If my office can ever be of assistance to you, please do not hesitate to contact me directly at martykiar@bcpa.net.

Take care,

Marty Kiar