With an average tax rate of 1.02%, Palm Beach County residents pay an average of $2,679 a year in property taxes.
As a homeowner, you will be required to pay a percentage of your home's value in property taxes each year. Precisely what that percentage is will vary, depending on the location and value of your house. It will also change from one year to the next. This can make it hard to predict your total property tax obligation.
To make things simpler for you, insurance
super app Jerry
has compiled this quick guide to help you navigate the uncertain waters of property taxes in Palm Beach County, Florida
, by detailing how and when to pay them and what your taxes go to. Property tax 101
Before we dive into the specifics of Palm Beach taxes, there are some basic property tax concepts that you should be aware of. Here’s what you’ll need to know:
Property taxes are used by your local government to fund important public works and community services.
Property taxes are charged for any real property (houses, buildings, land, etc.) that you own.
A local tax assessor will evaluate your home, the current market values, and the local tax rates to determine your property taxes.
Property taxes are based on current market conditions and local government budgets, so they will often change.
In short, property taxes are how your local government pays for essential community infrastructure, maintenance, and improvement. By collecting taxes from property owners, the government ensures that all residents with a vested financial interest in the community contribute to its upkeep.
MORE: Is car insurance tax deductible?
What is the property tax rate in Palm Beach County?
Palm Beach County’s average tax rate is 1.02% of assessed home values—just below the national average of 1.1% and slightly higher than the Florida statewide average of 0.97%. At 1.02%, Palm Beach County homeowners will be responsible for paying an average of $2,679 in property taxes each year.
How Palm Beach County property taxes are determined
Palm Beach County property taxes are calculated using your home’s assessed value, taxable value, local millage rate, ad valorem taxes, and non-ad valorem taxes. The calculation is a bit involved, but basically, this is how it works:
The local tax assessor, known as the Palm Beach County Property Appraiser
, will determine your home’s assessed value. Your assessed value, minus any exemptions, is equal to your taxable value.
The millage rate for your area is set by the taxing authorities that have jurisdiction there.
The taxable value multiplied by the millage rate is equal to your ad valorem taxes.
Non-ad valorem taxes, such as waste management fees, are added to the ad valorem taxes to calculate the total amount of your annual property tax obligation.
What do Palm Beach County property taxes pay for?
Palm Beach County uses revenue from property taxes to pay for a wide variety of projects and services, including (but not limited to):
Community and social development
Housing and economic development
Fire and disaster response/rescue
For a complete and detailed list of all Palm Beach County spending, refer to the Palm Beach County Comprehensive Annual Financial Report
, which is available to the public. MORE: How to deduct a car accident from your taxes
How to pay property taxes in Palm Beach County
Palm Beach County property taxes are levied annually and can be paid any time between November 1st and March 31st. By paying early, you can take advantage of several discounts
. How you want to pay your Palm Beach County property taxes is up to you. You can pay online, by mail, or in person.
Online: You can pay online
using an e-check or credit/debit card. By mail: You can pay by mail using a check made payable to Tax Collector, Palm Beach County and sent to: Constitutional Tax Collector, Serving Palm Beach County, P.O. Box 3353 West Palm Beach, FL 33402-3353.
In-person: You can pay in person at one of the Palm Beach Tax Collector service centers
.
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