Palm Beach County’s tax base grew by 3.7 percent in 2012, climbing slightly more than Property Appraiser Gary Nikolits originally projected, according to a new estimate released by his office Wednesday.
In April, 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 3 percent. Wednesday’s estimate surpassed that projection, showing that taxable property values countywide increased from $125.1 billion on the first day of 2012 to $129.7 billion on the first day of 2013.
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Staff writer Kevin Thompson contributed to this story.