SENIOR EXEMPTION SENIOR EXEMPTION ANNUAL ANNUAL RENEWAL ANNUAL - - PowerPoint PPT Presentation

SENIOR EXEMPTION SENIOR EXEMPTION ANNUAL ANNUAL RENEWAL RENEWAL AND ND AUDIT AUDIT ANNUAL ANNUAL RENEWAL RENEWAL AND AND AUDIT AUDIT

Prese Presented By ted By Kell Kelly M. y M. Brown, MPA, CFE Brown, MPA, CFE C t S i & E ti M Customer Service & Exemptions Manager 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 Long Term Senior Exemptions

 123

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 Additional homestead exemption 196.075 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

• f Revenue.
• f Revenue.

(5) …The property appraiser is authorized to generate random audits

• f 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

an 28: Senior Renewal Cards & New Applications Mailed J pp

 May 1

May 1: Deadline for Signed Senior Renewals M 7 M 7 S i A di L M il d

 May

ay 7: Senior Audit Letters Mailed

 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

Intelligent Barcode

• Automa

Automated ted Senior enior Posting

• sting

Automa Automated ted Seni Senior

• r Posting

Posting

• Parcel

Parcel specifi specific reporting reporting b l b l f l ( h capa capability ity for mai

• r mailing

ings (suc such as renewal as renewal receipts and receipts and HRU) HRU)

• Tally of

Tally of returned mail totals returned mail totals b t b t by y type 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 f f f l verification of non-filing July 1

S i h

 Seniors who return an

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

M b d d b l l di T

 Must be adopted by local ordinance. Two

cities only in Broward: Miramar & Oakland Park M h i i d id

 Must have maintained permanent residence on

the property for at least 25 years h d f

 Meet the age and income requirements of

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 DR 501 i d h

• If no DR-501, we can use supporting docs such as

permits, driver’s license records etc

• Long Term Seniors will be included in annual senior

renewal & audit mailings renewal & audit mailings

C t t B d C t Contact Broward County Property Appraiser’s Office www.bcpa.net kbrown@bpca.net 954-357-6830