Thursday, May 29, 2014

Property values boost Palm Beach County tax base 6.9 percent |

Check out the interactive map that shows performance by zip code. We should be pleased to know that the 33460 zip code has increased in value by 36.1% since the bottom of the recession to October 2013. From the article:
Palm Beach County’s tax base grew by nearly 6.9 percent in 2013, climbing higher than Property Appraiser Gary Nikolits originally projected, according to new estimates released this morning.
Last month, Nikolits and his staff said they expected this year’s valuation, which is based on real and tangible property values as of Jan. 1, to grow by nearly 5.4 percent. Today’s estimate surpassed that projection, showing that taxable property values countywide increased from nearly $130 billion on the first day of 2013 to $138.8 billion on the first day of 2013.
The final numbers will be out July 1st. Maybe they will be higher than the 8.2% annual increase that was predicted earlier for the city of Lake Worth? This Sun-Sentinel article breaks it down even further and a rise of 8.7% is now projected for Lake Worth! That is over the average 6.86% increase for all Palm Beach County municipalities.