Thursday, January 27, 2011

Palm Beach County property values down 5 percent; commercial hardest hit

Ominous - click title for link to PBP article. Remember, Lake Worth's commercial properties are also saddled with the highest electric utility rates in the state. The decline here in Lake Worth will be much more than the 5 percent predicted for the County as a whole. No breakdown by municipality, but one would think that those numbers are available to the cities for help in budget preparation and forecasting.

Update:  I just called the Property Appraiser's office and a breakdown by municipality is not available yet and this is just a general projection at this point in time.

1 comment:

Jack said...

I fear that if it is 5% in the county,it will be +/-10% in LW.
This will probably be especially true after all the slum landlords go through their challenges to the assessed values assigned them.