taxable values Archives

Sharp rise in tax base for Palm Beach Gardens

After two slow years, Palm Beach Gardens property values rises 13.9 percent, most in north county. It remains to be seen if that translates into rising tax bills.

Palm Beach Gardens property values rose 13.9 percent, the highest gain since the run up to the 2008 housing crash, preliminary figures released May 27 by the Palm Beach County Property Appraiser’s Office show.

It’s the first double-digit increase in taxable values for the city since 2006, when values rose a housing boom-fueled 29 percent after four straight years of double-digit increases. It puts the city tax base at $15.4 billion, about double what it was 10 years ago.

How much is Palm Beach Gardens worth?

Rise in city’s value slowed by coronavirus pandemic; Gardens Mall dips.

The pandemic has hit Palm Beach Gardens in the pocket book.

The city’s 10 most valuable properties, worth more than $1 billion, lost $35 million in value as of Jan. 1, as determined by the Palm Beach County property appraiser.