Palm Beach County’s tax rate would rise by less than 1 percent under a budget proposal released by the county administrator Tuesday, but many long-time homeowners could see their property tax bills climb by more than that because home values have been rising.
Bob Weisman’s proposal would raise the countywide tax rate by 3 cents – or 0.6 percent – to $5.02 for every $1,000 of taxable value for the fiscal year that begins Oct. 1. The tax rate includes a separate levy for voter-approved debt.
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Palm Beach County’s proposed budget
- Estimated revenue: $624.9 million, $25.3 million more than this year.
- Proposed tax rate: $5.02 per $1,000 in taxable value, including voter-approved debt.
- Upcoming public meeting: Budget workshop at 6 p.m., June 11, Palm Beach County Government Center, 301 N. Olive Ave., West Palm Beach.