How much are property taxes in Palm Beach County?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Palm Beach County property taxes run roughly 1% to 1.2% of assessed value per year. On a $400,000 home that's about $4,000 to $4,800 annually, escrowed into your monthly payment.
Florida's Homestead Exemption knocks up to $50,000 off the taxable value of your primary residence and caps annual assessment increases at 3% under Save Our Homes. We factor your homesteaded tax estimate into the payment from day one.
Palm Beach County tax basics
Palm Beach County property taxes run roughly 1% to 1.2% of assessed value. A $400,000 home often lands around $4,000 to $5,000 a year. Your exact bill depends on the city and any special districts.
Florida caps yearly increases on homesteaded property. That protects owners from big swings after you buy and file.
Planning for taxes in Palm Beach
Property taxes ride inside your monthly payment through escrow. We build a real number into your budget from day one. No surprises at closing.
File for your homestead exemption after you move in. It lowers your taxable value and caps future increases. We remind every buyer to do it.