Nearly two-thirds of Palm Beach County’s homesteaded property owners will pay more in property taxes next year, even if local governments hold their tax rates flat, Property Appraiser Gary Nikolits said Friday.
An analysis released this week by Nikolits’ office shows that 206,977 of the county’s 329,090 homesteaded properties will see their assessed values go up this year. The assessment increases will result in higher tax bills for those homeowners, unless the county, its municipalities and other taxing agencies lower their tax rates.
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Most home values rise
- Homesteads in Palm Beach County: 329,090.
- Homesteads with an increase in assessed value: 206,977.
Source: Palm Beach County Property Appraiser’s Office.