Palm Beach County taxable values rose 9.7%

The taxable value of real estate in incorporated and unincorporated Palm Beach County increased 9.7 percent last year, according to the county’s property appraiser.

The taxable value of all classes of real estate countywide totaled $152.6 billion on January 1, the first time the total has topped $150 billion since 2008.

According to the 2015 annual report issued by the office of county property appraiser Gary Nikolits, the office’s accomplishments last year included the recovery of $1.4 million from taxpayers who claimed an improper homestead exemption.

The annual report also noted that “value appeals [last year] totaled just 0.64 percent of all parcels and accounts, the lowest among the state’s three most populous counties.” [Palm Beach Post] – Mike Seemuth