Average Tax Assessment in Palm Beach County
Real Estate Values and Property Tax Valuation in Palm Beach County, Florida
Palm Beach County has a total of 502,365 properties with a cumulative value of $190.8B, making up 9.19% of all real estate value in Florida. Property taxes in Palm Beach County totaled $2.8B, with the average homeowner paying $5,533 in property taxes, which is higher than the state average of $3,597. The average property tax rate in Palm Beach County is 1.46%, while the state average is 1.34%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
In Florida, property values are assessed on January 1st. Property value notices are issued in August and property tax appeal deadlines are typically 25 days from the date of the value notices, which is usually in September. Property tax bills are issued on November 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Palm Beach Tax Collector | (561) 355-2264 |
| Palm Beach Clerk / Recorder | (561) 355-2991 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | August |
| Property Tax Appeal Deadline: | September or 25 days from date of value notices |
| Property Tax Bills Issued: | November 1st |
| Real Property Tax Bill Due (1st of #): | March 31st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | Available |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Palm Beach County
Residential Property Taxes by Cities in Palm Beach County
Palm Beach County has an average property tax rate of 1.46%, which is slightly lower than the national average of 1.53%. This rate is applied to the assessed value of a property to calculate the total amount of property taxes due. Property taxes in Palm Beach County are collected by the county government and are used to fund public services such as schools, roads, and public safety.
Property tax rates in Palm Beach County vary across cities, with Riviera Beach having the highest effective property tax rate of 1.84%, and Palm Beach having the lowest effective property tax rate of 1.26%. Property taxes in Palm Beach County are generally lower than in other parts of the state, making it an attractive place to live for those looking to save on their tax bill.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Palm Beach County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Glade | $38,411 | $64,777 | $104,435 | $146,935 | $201,108 |
| Boca Raton | $92,981 | $157,000 | $273,185 | $446,254 | $775,000 |
| Boynton Beach | $76,845 | $128,614 | $183,000 | $272,497 | $376,038 |
| Briny Breezes | $116,301 | $129,326 | $165,984 | $209,003 | $337,111 |
| Delray Beach | $70,552 | $100,518 | $158,000 | $287,426 | $643,165 |
| Greenacres | $79,380 | $101,302 | $139,235 | $176,000 | $228,900 |
| Haverhill | $191,089 | $215,711 | $248,524 | $284,742 | $331,408 |
| Highland Beach | $280,000 | $325,000 | $450,000 | $695,000 | $1,180,000 |
| Hypoluxo | $114,839 | $132,000 | $172,000 | $247,000 | $344,000 |
| Juno Beach | $120,000 | $240,734 | $365,000 | $615,000 | $1,105,000 |
| Jupiter | $178,969 | $247,919 | $326,250 | $488,683 | $806,032 |
| Lake Worth Beach | $67,000 | $125,501 | $191,802 | $253,349 | $331,397 |
| Lake Worth | $86,000 | $150,000 | $231,028 | $325,951 | $415,585 |
| Lantana | $90,000 | $140,000 | $198,060 | $245,000 | $514,406 |
| Loxahatchee | $234,489 | $275,134 | $332,492 | $413,134 | $507,448 |
| Mangonia Park | $60,500 | $63,500 | $68,500 | $130,682 | $196,154 |
| North Palm Beach | $115,000 | $175,000 | $307,453 | $527,365 | $1,553,933 |
| Ocean Ridge | $110,663 | $180,433 | $714,938 | $1,124,772 | $1,963,742 |
| Pahokee | $39,907 | $69,534 | $89,078 | $117,014 | $154,989 |
| Palm Beach Gardens | $160,000 | $206,224 | $280,000 | $455,377 | $870,239 |
| Palm Beach | $150,000 | $235,000 | $580,000 | $2,367,988 | $5,596,470 |
| Palm Beach Shores | $175,000 | $215,000 | $404,261 | $556,506 | $747,227 |
| Palm Springs | $45,000 | $58,495 | $138,375 | $187,271 | $244,908 |
| Riviera Beach | $86,066 | $118,805 | $178,000 | $345,000 | $610,000 |
| Royal Palm Beach | $129,000 | $165,000 | $252,214 | $305,400 | $367,790 |
| South Bay | $63,114 | $73,559 | $86,176 | $99,460 | $127,117 |
| Tequesta | $132,000 | $175,000 | $200,000 | $327,000 | $435,172 |
| Wellington | $205,000 | $281,201 | $355,654 | $483,419 | $678,774 |
| West Palm Beach | $59,000 | $107,000 | $180,000 | $273,249 | $428,585 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Palm Beach County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Glade | $612 | $1,020 | $1,458 | $2,521 | $3,664 |
| Boca Raton | $1,028 | $2,051 | $3,649 | $6,397 | $11,450 |
| Boynton Beach | $850 | $1,497 | $2,591 | $4,110 | $5,963 |
| Briny Breezes | $892 | $1,991 | $3,113 | $4,204 | $6,307 |
| Delray Beach | $647 | $1,154 | $2,199 | $4,389 | $10,061 |
| Greenacres | $696 | $1,106 | $1,980 | $2,844 | $3,769 |
| Haverhill | $1,779 | $2,355 | $3,376 | $5,183 | $6,623 |
| Highland Beach | $3,402 | $4,915 | $6,792 | $10,523 | $17,475 |
| Hypoluxo | $1,225 | $2,071 | $2,659 | $3,432 | $4,834 |
| Juno Beach | $1,927 | $3,278 | $5,736 | $9,778 | $17,549 |
| Jupiter | $1,947 | $3,085 | $4,791 | $7,308 | $12,376 |
| Lake Worth Beach | $921 | $1,570 | $2,994 | $4,849 | $6,926 |
| Lake Worth | $866 | $1,593 | $2,962 | $4,706 | $6,381 |
| Lantana | $844 | $1,449 | $2,639 | $4,298 | $8,197 |
| Loxahatchee | $2,513 | $3,363 | $4,828 | $6,747 | $8,522 |
| Mangonia Park | $575 | $995 | $1,427 | $1,727 | $2,396 |
| North Palm Beach | $1,409 | $2,358 | $4,161 | $8,001 | $22,902 |
| Ocean Ridge | $1,707 | $3,306 | $9,792 | $17,957 | $33,204 |
| Pahokee | $435 | $663 | $895 | $1,809 | $2,556 |
| Palm Beach Gardens | $1,558 | $2,717 | $4,222 | $7,319 | $14,634 |
| Palm Beach | $2,310 | $3,790 | $8,453 | $27,478 | $72,354 |
| Palm Beach Shores | $2,578 | $3,697 | $5,813 | $9,600 | $14,267 |
| Palm Springs | $513 | $952 | $1,599 | $2,865 | $3,903 |
| Riviera Beach | $621 | $1,673 | $3,305 | $6,521 | $12,184 |
| Royal Palm Beach | $931 | $1,803 | $2,866 | $4,382 | $5,945 |
| South Bay | $673 | $862 | $1,288 | $2,100 | $2,526 |
| Tequesta | $2,306 | $2,960 | $3,950 | $4,672 | $6,403 |
| Wellington | $2,684 | $3,838 | $5,789 | $8,228 | $11,952 |
| West Palm Beach | $763 | $1,301 | $2,562 | $4,381 | $7,043 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Glade | 1.59% | 1.57% | 1.40% | 1.72% | 1.82% |
| Boca Raton | 1.11% | 1.31% | 1.34% | 1.43% | 1.48% |
| Boynton Beach | 1.11% | 1.16% | 1.42% | 1.51% | 1.59% |
| Briny Breezes | 0.77% | 1.54% | 1.88% | 2.01% | 1.87% |
| Delray Beach | 0.92% | 1.15% | 1.39% | 1.53% | 1.56% |
| Greenacres | 0.88% | 1.09% | 1.42% | 1.62% | 1.65% |
| Haverhill | 0.93% | 1.09% | 1.36% | 1.82% | 2.00% |
| Highland Beach | 1.21% | 1.51% | 1.51% | 1.51% | 1.48% |
| Hypoluxo | 1.07% | 1.57% | 1.55% | 1.39% | 1.41% |
| Juno Beach | 1.61% | 1.36% | 1.57% | 1.59% | 1.59% |
| Jupiter | 1.09% | 1.24% | 1.47% | 1.50% | 1.54% |
| Lake Worth Beach | 1.37% | 1.25% | 1.56% | 1.91% | 2.09% |
| Lake Worth | 1.01% | 1.06% | 1.28% | 1.44% | 1.54% |
| Lantana | 0.94% | 1.03% | 1.33% | 1.75% | 1.59% |
| Loxahatchee | 1.07% | 1.22% | 1.45% | 1.63% | 1.68% |
| Mangonia Park | 0.95% | 1.57% | 2.08% | 1.32% | 1.22% |
| North Palm Beach | 1.23% | 1.35% | 1.35% | 1.52% | 1.47% |
| Ocean Ridge | 1.54% | 1.83% | 1.37% | 1.60% | 1.69% |
| Pahokee | 1.09% | 0.95% | 1.00% | 1.55% | 1.65% |
| Palm Beach Gardens | 0.97% | 1.32% | 1.51% | 1.61% | 1.68% |
| Palm Beach | 1.54% | 1.61% | 1.46% | 1.16% | 1.29% |
| Palm Beach Shores | 1.47% | 1.72% | 1.44% | 1.73% | 1.91% |
| Palm Springs | 1.14% | 1.63% | 1.16% | 1.53% | 1.59% |
| Riviera Beach | 0.72% | 1.41% | 1.86% | 1.89% | 2.00% |
| Royal Palm Beach | 0.72% | 1.09% | 1.14% | 1.43% | 1.62% |
| South Bay | 1.07% | 1.17% | 1.49% | 2.11% | 1.99% |
| Tequesta | 1.75% | 1.69% | 1.98% | 1.43% | 1.47% |
| Wellington | 1.31% | 1.36% | 1.63% | 1.70% | 1.76% |
| West Palm Beach | 1.29% | 1.22% | 1.42% | 1.60% | 1.64% |
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Real Estate Values in Palm Beach County
The median home price in Palm Beach County, Florida has increased by 9.65% from October 2022 to October 2023, from $430.0K to $471.5K. This indicates that the housing market in Palm Beach County is strong and that prices are continuing to rise. The home inventory in Palm Beach County has remained steady at 9.3K, suggesting that demand is still high and that the market is not over-saturated.
Average Home Value in Palm Beach County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Palm Beach County
Last updated: November 2023
Percent Change in New Home Listings in Palm Beach County
Last updated: November 2023
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Mortgage Rates in Palm Beach County
Palm Beach County is home to an impressive $120 billion in outstanding home mortgage loans. This represents an average of $548,000 per loan, or roughly 60% of the total value of homes in the county. The median mortgage rate in Palm Beach County is 5.88%, but there is significant variation in rates across the county. For example, the city of Briny Breezes has the highest median mortgage rate at 7.89%, while Mangonia Park has the lowest rate at 3.87%. This variation in rates can be attributed to differences in local economic conditions, as well as the availability of loan products.
Overall, the total outstanding loan amount in Palm Beach County is a testament to the strength of the local housing market. Homeowners in the county have access to a wide range of loan products, allowing them to find the best rate for their individual needs. With a median mortgage rate of 5.88%, homeowners in Palm Beach County can rest assured that they are getting a competitive rate on their home loan.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Palm Beach County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Glade | $10,311 | $26,167 | $56,957 | $117,244 | $195,158 |
| Boca Raton | $34,239 | $77,343 | $172,434 | $311,257 | $495,038 |
| Boynton Beach | $32,643 | $70,716 | $137,603 | $228,235 | $330,510 |
| Briny Breezes | $13,293 | $20,106 | $71,382 | $126,268 | $365,033 |
| Delray Beach | $27,387 | $60,190 | $123,413 | $242,369 | $469,376 |
| Greenacres | $26,292 | $53,931 | $105,565 | $169,651 | $230,317 |
| Haverhill | $36,318 | $67,171 | $133,425 | $243,327 | $337,753 |
| Highland Beach | $52,088 | $125,054 | $251,382 | $390,696 | $665,334 |
| Hypoluxo | $38,208 | $84,291 | $131,305 | $201,560 | $281,018 |
| Juno Beach | $45,965 | $116,883 | $204,318 | $335,038 | $513,404 |
| Jupiter | $41,042 | $95,788 | $194,453 | $314,576 | $474,417 |
| Lake Worth Beach | $22,254 | $57,728 | $134,201 | $231,558 | $328,473 |
| Lake Worth | $34,958 | $71,904 | $150,193 | $251,009 | $346,890 |
| Lantana | $18,796 | $47,143 | $119,069 | $206,419 | $302,969 |
| Loxahatchee | $52,098 | $113,650 | $225,913 | $333,303 | $427,419 |
| Mangonia Park | $11,336 | $32,100 | $144,937 | $1,414,138 | $1,414,138 |
| North Palm Beach | $28,852 | $75,472 | $161,070 | $308,035 | $562,288 |
| Ocean Ridge | $47,847 | $127,931 | $320,128 | $793,339 | $1,245,752 |
| Pahokee | $9,649 | $21,688 | $45,213 | $91,389 | $134,388 |
| Palm Beach Gardens | $39,475 | $91,845 | $178,022 | $297,753 | $474,736 |
| Palm Beach | $53,531 | $131,555 | $322,631 | $1,100,168 | $3,812,527 |
| Palm Beach Shores | $30,089 | $74,179 | $190,339 | $358,239 | $651,037 |
| Palm Springs | $20,803 | $42,457 | $92,561 | $166,907 | $248,041 |
| Riviera Beach | $28,840 | $72,369 | $137,383 | $226,543 | $372,797 |
| Royal Palm Beach | $36,352 | $75,810 | $150,844 | $257,335 | $342,044 |
| South Bay | $15,330 | $33,664 | $48,710 | $87,408 | $142,795 |
| Tequesta | $64,822 | $85,880 | $119,234 | $176,794 | $285,481 |
| Wellington | $53,351 | $119,931 | $224,835 | $338,054 | $477,665 |
| West Palm Beach | $26,939 | $61,724 | $131,575 | $229,172 | $342,701 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Palm Beach County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Glade | 3.54% | 4.40% | 6.16% | 7.60% | 8.28% |
| Boca Raton | 2.90% | 3.61% | 4.44% | 6.50% | 7.65% |
| Boynton Beach | 2.90% | 3.60% | 4.40% | 6.15% | 7.39% |
| Briny Breezes | 2.58% | 5.09% | 7.89% | 7.97% | 8.17% |
| Delray Beach | 2.90% | 3.52% | 4.37% | 6.08% | 7.31% |
| Greenacres | 2.90% | 3.60% | 4.40% | 6.10% | 7.31% |
| Haverhill | 3.10% | 3.75% | 4.75% | 6.85% | 7.74% |
| Highland Beach | 2.90% | 3.40% | 4.37% | 6.13% | 7.25% |
| Hypoluxo | 2.90% | 3.40% | 4.20% | 5.79% | 7.08% |
| Juno Beach | 2.85% | 3.44% | 4.30% | 6.06% | 7.49% |
| Jupiter | 2.90% | 3.60% | 4.33% | 6.10% | 7.34% |
| Lake Worth Beach | 2.90% | 3.60% | 4.40% | 6.31% | 7.70% |
| Lake Worth | 2.99% | 3.70% | 4.50% | 6.25% | 7.50% |
| Lantana | 2.99% | 3.75% | 4.75% | 6.86% | 7.85% |
| Loxahatchee | 2.90% | 3.60% | 4.40% | 6.21% | 7.66% |
| Mangonia Park | 2.90% | 3.75% | 3.87% | 6.77% | 7.69% |
| North Palm Beach | 2.90% | 3.50% | 4.38% | 6.37% | 7.57% |
| Ocean Ridge | 2.87% | 3.37% | 4.38% | 6.41% | 7.43% |
| Pahokee | 3.23% | 4.40% | 6.09% | 7.21% | 8.01% |
| Palm Beach Gardens | 2.90% | 3.54% | 4.32% | 6.07% | 7.23% |
| Palm Beach | 2.75% | 3.12% | 4.04% | 6.05% | 7.33% |
| Palm Beach Shores | 2.90% | 3.75% | 4.52% | 6.47% | 7.55% |
| Palm Springs | 2.98% | 3.75% | 4.62% | 6.37% | 7.65% |
| Riviera Beach | 2.90% | 3.50% | 4.40% | 6.11% | 7.52% |
| Royal Palm Beach | 2.90% | 3.69% | 4.50% | 6.25% | 7.45% |
| South Bay | 3.60% | 4.94% | 5.99% | 7.31% | 8.26% |
| Tequesta | 2.80% | 3.37% | 3.96% | 5.37% | 6.09% |
| Wellington | 2.90% | 3.60% | 4.40% | 6.04% | 7.18% |
| West Palm Beach | 2.90% | 3.65% | 4.50% | 6.34% | 7.61% |
Housing Expenses in Palm Beach County, Florida
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