Taxable values up 2 percent in Palm Beach

The town of Palm Beach’s property values totaled almost $12 billion in the last year, a 2.3 percent increase compared to 2011, according to data from Palm Beach County Property Appraiser Gary Nikolits, the Palm Beach Daily News reported. That outperformed the county as a whole, which saw a 1 percent increase in values. Palm Beach is slated to collect just under $37 million in property taxes in the year that begins in October. Jupiter Inlet Colony saw the highest increase of any Palm Beach County municipality at 2.3 percent. [Palm Beach Daily News]