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

by Middleton Realty, Inc. 05/21/2023

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

Middleton Realty, Inc.

Patrick Middleton, Broker/ Owner of Middleton Realty Corp. A Jacksonville native, I obtained my real estate license in 1985 and opened Middleton Realty in 1995. My interest in real estate was spurred by a desire to invest in residential properties. This interest became a focal point of my business. For over 30 years, I have been helping people build their investment portfolios and helping home-buyers make fiscally sound decisions. My love of the outdoors, especially fishing and boating, has given me an edge in helping others who want to incorporate Jacksonville’s outstanding outdoor amenities into their personal lifestyle. Willie Inman- Real Estate Agent NACA approved, first time home buyer specialist, commercial . 904 673-1388, [email protected] Tom Burau- Real Estate Agent Certified distressed property specialist, military relocation professional. Tom works with first time home-buyers as well as exclusive beach properties and multi-unit investment properties. Contact info: 904 553-8291, [email protected]. Also on Facebook.