Thursday, July 3, 2014

Along the Coast: All towns and cities see rise in taxable values - The Coastal Star

Click title for link to article reviewing taxable value increases for selected towns along the coast, south of Lake Worth. Although Lake Worth is not mentioned in the article, I have it on good authority that Lake Worth's increase came in higher than expected so that the millage that would be assessed under the Lake Worth 2020 plan would now, at its maximum, would be 3.1 mills - not the 3.4 mills that was contemplated earlier. Again, the city was being conservative in its projections. This is a bit from the article:
 Countywide, the taxable property value increased 7.39 percent, according to preliminary numbers released in late June by Palm Beach County Property Appraiser Gary Nikolits.
    The countywide tax rolls increased for the third consecutive year and showed that taxable value increases were widespread throughout the county’s municipalities.
    “This is the first time that every jurisdiction in Palm Beach County has had a taxable value increase in more than a half-dozen years,” said John Thomas, director of residential appraisal services for the Palm Beach County Property Appraiser’s Office.