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.
“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