The Real Deal Miami

Property values down across Palm
July 08, 2010 10:30AM

Palm Beach County Property Appraiser Gary Nikolits

The preliminary 2010taxable-value” appraisals for Palm Beach‘s 28
designated areas dropped 12.7 percent from last year, according to Palm
Beach County Property Appraiser Gary Nikolits, who told a group of Palm
Beach real estate professionals that no Palm Beach neighborhoods went up
in value. Eighteen of the areas saw declines of between 5 and 15
percent, while seven dropped by 15 to 25 percent. The total market value
of properties in the town, including residential, commercial and
business equipment, fell to $14.1 billion, according to Nikolits. [Palm
Beach Daily News]