Palm Beach County’s tax base grew for the second straight year, Property Appraiser Gary Nikolits said Friday, a sign that the once free-falling real estate market is finally on the mend.
Preliminary estimates released by Nikolits’ office show this year’s valuation, which is based on real and tangible property values as of Jan. 1, grew by nearly 3 percent — from $125.3 billion on the first day of 2012 to $129 billion on the first day of 2013.
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Tax bases on the rise
Wellington 4.8 percent
Boynton Beach 4 percent
Jupiter 3.7 percent
Palm Beach Gardens 2.5 percent
West Palm Beach 2.2 percent
Countywide 3 percent
On the decline
Palm Beach Shores -4.1 percent