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Property values boost Palm Beach County tax base 6.9 percent


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.

All of the county’s 38 cities and towns are on pace to see their taxable values rise, which would be the first countywide increases since the start of the real-estate crash.

“I think it shows we are starting to hit our stride again,’’ said John Thomas, director of residential appraisal services for the property appraiser’s office. “We are starting to be the real estate economy we’d been for the last 50 years.’’

The final tax roll will be released by July 1.


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