Taxable Value Estimates Released to Taxing Authorities
West Palm Beach, FL - The Palm Beach County Property Appraiser’s Office has released the June 1 estimates of taxable values to all Palm Beach County taxing authorities.
Palm Beach County-wide taxable property values have increased 13.55% from 2021 to 2022. These values are only estimates and subject to change. Florida law requires the Property Appraiser’s Office to value property based on the status of market conditions as of January 1, 2022.
“Demand for properties of all types continues to grow,” said Palm Beach County Property Appraiser Dorothy Jacks, CFA, AAS. “Both commercial and residential markets have seen an increase in value and new construction.”
Driven by a large influx of new Florida residents and limited supply, residential values rose significantly last year. In the commercial sector, hotels, multi-family apartment complexes and warehousing all saw value increases, buoyed by the post-Covid market.
The estimates of taxable values assist the county, municipalities, and other taxing authorities in projecting their budgets and tax rates. After the taxing authorities have determined their budgets and proposed tax rates, the Property Appraiser’s Office will mail the Notice of Proposed taxes to every property owner in August.Modification of 2022 taxable values is ongoing. The Palm Beach County Property Appraiser’s Office and all county property appraisers in the state are required by law to submit a preliminary tax roll to Palm Beach County taxing authorities and Florida’s Department of Revenue on July 1.
For all media inquiries, please contact Becky Robinson.
Download: 2022 Tax Roll Estimates-PDF