Several types of exemptions are available. If you own property which you use as your primary residence as of January 1, you may apply for homestead exemption. Homestead Exemptions are not transferable form one property to another. Any new exemption or change in exemption status should be filed as soon as possible, but no later than March 1. The TRIM notice tells you the taxable value of your property.
Taxable value is the assessed balue less any exemptions.
The TRIM notice also gives you information on proposed millage rates and taxes as extimated by your community taxing authorities. It also tells you when and where these authorites will hold public meetings to discuss tentative budgets and set your final millage rates. Fees not related to your property value may also appear on your TRI.M notice for garbage collection, roads, lighting and other government services. These fees are set your Special Districts and are not affected by any change in the value of your house or property. If you think the market value shown on your TRIM Notice is not correct, you are encouraged to contact the Property Appraiser's Office to speak with an appraiser.