The Real Deal Miami

Palm Beach values fall less than 1 percent

May 27, 2011 10:09AM

Taxable properties in the town of Palm Beach fell by 0.65 percent in
2010, according to estimates from Palm Beach County Property Appraiser
Gary Nikolits’ office. “We’re starting to see [values] moderate,” said
John Thomas, director of residential appraisal services for the Property
Appraiser’s office. “I would not call it a recovery.” The total value
of residential and commercial property in Palm Beach is around $11.6
billion, according to the data. [Palm
Beach Daily News]