County Of Palm Beach, Palm Beach County, Florida Property Taxes

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare County of Palm Beach's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

How are property tax bills calculated in County of Palm Beach?

Property tax bills in County of Palm Beach are based on a home’s assessed value, which is then multiplied by the local tax rate. That means the tax bill reflects both what the property is worth and the taxing authorities that apply to it. For homeowners, this can create a wide range of annual bills depending on neighborhood, home features, and how the property is assessed.

With a median home price of $152,056, bills can still vary significantly. The 25th percentile tax bill is $660, while the 75th percentile is $2,825 and the 90th percentile reaches $3,953. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, homeowners in County of Palm Beach may see bills that are lower or higher depending on their assessment.

Ownwell helps homeowners challenge inaccurate assessments and pursue exemptions, which can reduce property tax bills and keep more money in your pocket.