search

The Real Deal Logo

Trending

JLL tapped to market Gas Company Tower in DTLA for saleJLL tapped to market Gas Company Tower in DTLA for saleArbor modifies $1.9B in loans as delinquencies keep risingArbor modifies $1.9B in loans as delinquencies keep risingBrickell office slump? Nearly 3M sf planned, zero preleasedBrickell office slump? Nearly 3M sf planned, zero preleasedFriend or foe? Here’s what the new tax break means for office-to-resi conversionsFriend or foe? Here’s what the new tax break means for office-to-resi conversions
South Florida

PB County values “back to normal”

Gary Nikolits
Gary Nikolits

Palm Beach County’s property appraiser says the market’s values are “back to normal.”

Appraiser Gary Nikolits released updated estimates of the county’s property tax base on Wednesday. His office projects a 6.8 percent increase in the tax base in 2013. That would be more than a full percentage point higher than estimates released last month by Nikolits.

Sign Up for the undefined Newsletter

The final tax rolls are slated to be released on July 1.

Palm Beach County is on track to post its first year-over-year property value gain since the start of the recession, according to the Palm Beach Post.

“What we are looking at is a return to normal markets,” Nikolits said. “A countywide increase of 6.8 percent is pretty much in line with what we were experiencing before we had the crash.” [Palm Beach Post] — Eric Kalis