SENIOR EXEMPTION SENIOR EXEMPTION ANNUAL ANNUAL RENEWAL ANNUAL ANNUAL RENEWAL RENEWAL AND RENEWAL AND AND AUDIT ND AUDIT AUDIT AUDIT Prese Presented By ted By Kell Kelly M. y M. Brown, MPA, CFE Brown, MPA, CFE C Customer Service & Exemptions Manager t S i & E ti M Office Of Lori Parrish, CFA Broward County Property Appraiser
21,358 21,358 Low Income Senior Exemptions ◦ County Taxable Exempted: $424,246,560 ◦ City Taxable Exempted: $519,506,030 ◦ 15 of 31 cities grant $50k, County grants $25k 15 of 31 cities grant $50k County grants $25k 123 123 123 Long Term Senior Exemptions 123 Long Term Senior Exemptions ◦ $5,073,090 City Taxable Exempted ◦ Cities of Miramar & Oakland Park only ◦ Cities of Miramar & Oakland Park only
196 075 196.075 Additional homestead exemption Additional homestead exemption for persons 65 and older.— (4) (d) It must require that a taxpayer claiming the exemption annually submit to the property appraiser, not later than March 1, a sworn statement of household income on a form prescribed by the Department of Revenue. of Revenue. (5) …The property appraiser is authorized to generate random audits of the taxpayers’ sworn statements to ensure the accuracy of the household income reported If so selected for audit a taxpayer shall household income reported. If so selected for audit, a taxpayer shall execute Internal Revenue Service Form 8821 or 4506, which authorizes the Internal Revenue Service to release tax information to the property appraiser’s office. All reviews conducted in accordance with this section shall be completed on or before June 1 The property appraiser may not shall be completed on or before June 1. The property appraiser may not grant or renew the exemption if the required documentation requested is not provided.
Dec 15: Dec 15: All Senior Exemptions Removed Jan 28 J an 28: Senior Renewal Cards & New Applications Mailed pp May 1 May 1: Deadline for Signed Senior Renewals May M M ay 7: Senior Audit Letters Mailed 7 7 S i A di L M il d June 2: June 2: Deadline for Senior Audit Responses June 16 June 16: Senior Renewal Receipts Mailed June June 20 20: 4506 T Audit Responses mailed to IRS June June 20 20: 4506-T Audit Responses mailed to IRS June 23 June 23: 2014 Exemption Denial Letters Sent
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• Automa Automated Automa Automated ted Senior ted Seni Senior enior Posting or Posting Posting osting • Parcel Parcel specifi specific reporting reporting capability capa b l b l ity for mai f or mailing l ings (suc ( such h as renewal as renewal receipts and receipts and HRU) HRU) • Tally of Tally of returned mail totals returned mail totals b b by y type t t ype
4 190 (2%) seniors 4,190 (2%) seniors audited in 2013 May 13: 2013 Senior Audit Letter Mailed June 1: Audit Response Deadline July 1: 4506-T Forms mailed to IRS for verification of non-filing f f f l July 1
Seniors who return an S i h income tax return or 4506 T are renewed 4506-T are renewed for the current year Seniors who do not respond or supply respond or supply information indicating income is over lose income is over, lose senior exemption for current year y
Must be adopted by local ordinance. Two M b d d b l l di T cities only in Broward: Miramar & Oakland Park Must have maintained permanent residence on M h i i d id the property for at least 25 years Meet the age and income requirements of h d f Low-Income Senior Exemption Property must have a just value less than $250,000
Factors Factors used to determine long term residency: used to determine long term residency: ◦ Deed and homestead prior to 1989 ◦ If no deed, original DR-501 occupancy date ◦ If no DR-501, we can use supporting docs such as If DR 501 i d h permits, driver’s license records etc ◦ Long Term Seniors will be included in annual senior renewal & audit mailings renewal & audit mailings
C Contact Broward County t t B d C t Property Appraiser’s Office www.bcpa.net kbrown@bpca.net 954-357-6830
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