Tuesday, May 26, 2015

William Kelly reports: "Taxable values up 7.6 percent in Palm Beach, early estimate show"

Of course, we all know by now that the City of Lake Worth which sits across the Intracoastal from Palm Beach (33480), far outpaced the Town of Palm Beach this year (9.5%) when it comes to an increase in taxable property value. We in Lake Worth are very proud of that. But I digress, here is an excerpt from William Kelly's story in the Palm Beach Daily News (aka, The Shiny Sheet):
     The tax roll for all residential and commercial real estate in town is listed at $14.4 billion, up from $13.4 billion a year earlier, according to the estimate.
     Countywide, values leaped by 8.7 percent over last year — the largest one-year increase in a decade.
     John Thomas, director of residential appraisal services for the property appraiser’s office, said this is the fourth consecutive year for countywide growth, and the second straight year for growth in all 38 municipalities.