As experts predicted, the nearly double-digit increases in the Palm Beach County tax rolls slowed this year after a three-year ride.
Property values rose 7.7% countywide, a slower increase than in the past three years when values rose 9.6% in 2024, 13.5% in 2023 and 15% in 2022.
Not since the 5.6% increase in 2021 has the tax roll increase been lower.
It’s important because local governments use the valuations to determine the tax rate residents pay to cover the cost of police, fire-rescue, libraries, schools, garbage pickup and other municipal services. Gov. Ron DeSantis has proposed eliminating property taxes without suggesting a way to replace the money to provide municipal services.
The countywide valuation stood at $209 billion in 2020. The preliminary calculation for 2025 puts it at $341 billion, up 62%.
