In the rarefied air of the 200 largest taxable properties in Palm Beach County sits an empty lot.
Ah, but what an empty lot.
Hedge fund manager Ken Griffin’s vacant 12 oceanfront acres on Palm Beach make up the third-most valuable property in Palm Beach County, valued for tax purposes at $223 million.
That’s a higher taxable value than The Breakers hotel, JFK Medical Center and Florida Power & Light Co.’s Juno Beach headquarters.
The only individual properties with higher values? The Boca Raton and Palm Beach Gardens malls.Continue reading “Top 200 Taxpayers: Why a vacant lot is worth more than The Breakers”