Important Updates for Broward Property Owners: 2024 TRIM Notice Insights

In the upcoming weeks, over 777,000 property owners in Broward County will receive their 2024 Notice of Proposed Tax (commonly known as the TRIM Notice). Understanding this document is crucial as it plays a significant role in ensuring equitable property tax assessments.

What is the TRIM Notice?

The TRIM Notice is not a tax bill. Instead, it is a notification that allows property owners to verify key details regarding their property taxes. It provides important information about:

• 2024 Just/Market Value: This is the estimated price a willing buyer or seller would transact for the property as of January 1, 2024.
• Assessed/Save Our Homes (SOH) Value: This lesser value, after accounting for exemptions, is what is ultimately subject to taxation.
• Property Tax Exemptions: Listings of any tax-saving exemptions, including Homestead and Limited-Income Senior Exemptions.
• Itemized Breakdown of Proposed Taxes: Detailed information about tax rates set by various taxing authorities, including local government and school boards.

Key Takeaways from the TRIM Notice

• Review Your Values: It’s essential to check the estimated just and assessed values, along with any exemptions listed.
• File Appeals: If there are discrepancies in your just value, consider filing an appeal with the Broward County Value Adjustment Board. The TRIM Notice includes information on how to initiate this process.

"Property tax exemptions save people money," says Marty Kiar, Broward County Property Appraiser. “Ensure you’re receiving all exemptions you qualify for."

Understanding Property Tax Exemptions

Tax exemptions can significantly reduce your property tax burden. Here’s a breakdown of some common exemptions:

• Homestead Exemption: For primary residences, reducing taxable value.
• Limited-Income Senior Exemption: For seniors meeting specified income thresholds.

For a comprehensive list of all available exemptions, visit the Broward County Property Appraiser’s website. Note that late applications for exemptions are accepted until September 18, 2024.

Engage with Local Officials

The TRIM Notice is not only a summary of your property taxes; it serves as a tool for citizen engagement. If you have questions about tax rates or how your tax dollars are allocated, you have the right to:

• Attend Public Hearings: These hearings discuss proposed tax rates and fees. Dates, times, and locations are detailed within the TRIM Notice.

• Voice Your Opinions: Local elected officials want to hear from constituents. This is a perfect opportunity to ask questions and express concerns.

How to Get Assistance

Should you have questions regarding your TRIM Notice, the Broward County Property Appraiser’s office is ready to assist. You can reach them at:

• Phone: 954-357-6830
• In-Person: Governmental Center, 115 S Andrews Ave., Room No. 111, Fort Lauderdale, FL
• Email: For direct inquiries.

Conclusion

Carefully reviewing your 2024 TRIM Notice is essential for every property owner in Broward County. As taxes are part of maintaining public services and infrastructure, understanding this document empowers you to manage your property tax obligations effectively.

For more information about property taxes and exemptions, visit the Broward County Property Appraiser’s website. Be proactive about your property taxes and stay informed!

By engaging with the provided information, Broward property owners can ensure they maximize their benefits while also participating actively in local governance.