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The Real Deal Miami

Smaller drop for PBC values

July 01, 2011 09:31AM

Palm Beach County’s taxable property values fell in 2010, but not as
much as appraisers predicted, according to figures revealed today by the
Palm Beach County Property Appraiser. The total of all taxable value in
Palm Beach County was $124.5 billion Jan. 1, which is higher than the
estimate of $123.8 million. That number does represent a 1.8 percent
drop from last year, and a 26.5 percent fall from 2007. “If I were
looking last year at this time forward to this year, I would not have
expected to see it leveling out as much as it has. That’s probably good
news,” he said. “Whether we can sustain this trendline is anybody’s
guess.” [Palm
Beach Post]