search

The Real Deal Logo

Trending

Housing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsYellowstone drops approximately $200M on 1740 Broadway debtYellowstone drops approximately $200M on 1740 Broadway debtTop broker leaves Meridian amid agency probesTop broker leaves Meridian amid agency probesCreditors demand WeWork consider Adam Neumann’s offerCreditors demand WeWork consider Adam Neumann’s offer
South Florida

PB County property values grow for third straight year

Gary Nikolits
Gary Nikolits

Rising property values helped Palm Beach County’s tax base grow for the third consecutive year, even after Town of Palm Beach home prices fell.

Property Appraiser Gary Nikolits released a preliminary estimate forecasting a nearly 5.4 rise in countywide property values to $137.2 billion. All 38 of the county’s cities and towns are on track to experience a property value increase, according to the Palm Beach Post. That’s a first since the beginning of last decade’s real estate crash.

Sign Up for the undefined Newsletter

“The rebound is more robust than one might have expected, but the numbers are there,” Nikolits said.

 

Final tax rolls are slated to be released on July 1. [Palm Beach Post] — Eric Kalis