There has been constant back and forth about taxes in Palm Beach County.  Many have moved out, the schools have seen a decrease in students and I had even heard of some teachers being let go!  Crazy.  Especially since my own brother is an elementary school teacher. 

I have personally helped some teachers and police officers move from Palm Beach County north to Martin County so they can find better priced homes and lower taxes.  Looks like this is all changing. 

With the increase in foreclosure properties, short sale / pre-foreclosure opportunities and overall lowered property values, combined with the latest breaks on taxes, Palm Beach County is looking better and better for families, investors and the current residents. It is about time the County Commission did some things to help everyone out! 

In the past election cycle the residents of the county voted to lower taxes and increase the homestead exemption doubling it from $25,000 to $50,000 for next year!  Most recently the County Commissioners have been considering raising taxes for the county again!!!  With strong support of the community and the Realtors Association, I am proud to say that the County Commission unanimously voted to set the maximum tax rate at $3.7811 per every $1,000 of taxable value.  This results in a decrease in taxes when combined with the doubled homestead exemption. 

The following is an email I just received from the Realtors Association of the Palm Beaches:

After months of hard work Palm Beach County’s property tax rate will not increase!

Thank you for your help

and

 Commissioner Kanjian for leading the battle

The commission unanimously voted to set the maximum tax rate at $3.7811 for every $1,000 of taxable value. This results in a tax decrease!

At this rate, the owner of a home valued at $350,000 this year, with a homestead exemption, will pay $1,174.03 in taxes to the county next year. That’s because the homestead exemption is doubling to $50,000 while most homes’ taxable assessments are rising 3 percent. This does not include taxes paid to the school board or other taxing districts.

So things are looking brighter here in Palm Beach County.  If you are interested in living, investing or selling to upgrade in Palm Beach County, please do not hesitate to contact me!!