News
Palm Beach County Releases July 1 Preliminary Tax Roll
The Palm Beach County Property Appraiser’s Office has submitted the 2019 preliminary tax roll to the Florida Department of Revenue and the local taxing authorities. Overall, the taxable values County-wide have increased 6.21% while the School Board taxable values have increased 5.63%. The taxable value County-wide now stands at $198.97 Billion, inclusive of over $2.58 Billion in new construction. According to the Honorable Dorothy Jacks, CFA, AAS “Palm Beach County’s market value continues to experience a steady increase year-over-year. Construction in apartment complexes, hotels and warrhousing is helping to create value in many areas.
The largest increase year-over-year was seen in the newest city of WestLake where Minto Communities is developing the new city. WestLake saw an increase of over 140% due to new construction of nearly $43.5 Million. Mangonia Park (11.08% increase), Lake Worth Beach (10.26% increase) and Palm Beach Gardens (9.98% increase) experienced some of the larger increases seen throughout the County. You can review the entire 2019 Preliminary Tax Roll Chart here.
The Florida Department of Revenue will now review and approve the tax roll for the 2019 tax year. The TRIM Notices will be sent out to the property owners in mid-August with the appeal deadline to follow 25 days after the mailing of the notices.
The amount you will pay in property taxes for 2019 is directly based on the County’s opinion of Market and Assessed Value for your property. With property values on the rise for most property types, it is important for a qualified property tax professional to review and analyze your properties to ensure that your values are fair and equitable. If you feel the value of your property is too high or just wish to have an independent review, then we encourage you to call us at (954) 282-2005 or email Brian at b.depotter@first-pointe.com or Nick at n.mau@first-pointe.com.
FirstPointe Advisors, LLC is a full service ad valorem tax service provider. We provide you with the experience of a national firm with a regional focus. At FirstPointe Advisors, LLC, you come first. We strive to provide innovative solutions to your property tax needs. With our experience and first class client service, we will create an easy review and appeal process for you. Our experience spans across Florida’s 67 counties in representing owners of residential and commercial properties.