West Palm Beach, Florida Property Taxes
The median property tax rate in West Palm Beach, FL is 1.51%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in West Palm Beach at $240,854, the typical annual property tax bill reaches $3,066, exceeding the national median of $2,690. Property taxes in West Palm Beach are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding West Palm Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of West Palm Beach or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Palm Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$3,637
$3,439
$1,148
Average West Palm Beach, Florida Tax Savings
Ownwell’s West Palm Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Palm Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Palm Beach to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in West Palm Beach. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across West Palm Beach, Florida
Property taxes in West Palm Beach, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Palm Beach is 1.51%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within West Palm Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Palm Beach estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares West Palm Beach's effective property tax rate to other areas in Palm Beach County and the national median. For comparison, the 33404 zip code has the highest median property tax rate of 2.12%, while the 33406 zip code has the lowest median tax rate of 1.11%. Understanding how these cities compare with West Palm Beach provides valuable insights into the varying tax landscape across Palm Beach County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Palm Beach Tax Rate
1.51%
Average Palm Beach County Tax Rate
1.34%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Palm Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33401 | 0.67% | 1.37% | 1.90% | 2.08% | 2.19% |
| 33403 | 0.65% | 0.77% | 1.54% | 2.03% | 2.26% |
| 33404 | 1.63% | 1.80% | 2.12% | 2.16% | 2.16% |
| 33405 | 0.38% | 0.55% | 1.31% | 1.84% | 2.13% |
| 33406 | 0.45% | 0.65% | 1.11% | 1.64% | 1.89% |
| 33407 | 0.49% | 0.85% | 1.71% | 2.06% | 2.19% |
| 33409 | 0.53% | 0.95% | 1.62% | 2.06% | 2.21% |
| 33410 | 0.64% | 0.84% | 1.14% | 1.57% | 1.78% |
| 33411 | 0.79% | 1.02% | 1.44% | 1.77% | 2.04% |
| 33412 | 0.86% | 1.01% | 1.47% | 1.89% | 2.22% |
| 33413 | 0.46% | 0.80% | 1.25% | 1.64% | 1.85% |
| 33415 | 0.46% | 0.59% | 1.33% | 1.79% | 1.97% |
| 33417 | 0.53% | 0.79% | 1.65% | 1.98% | 2.21% |
| 33418 | 0.70% | 0.86% | 1.12% | 1.50% | 1.74% |
Source: Ownwell
$1,148
Average West Palm Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across West Palm Beach, Florida
In West Palm Beach, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Palm Beach County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In West Palm Beach, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in West Palm Beach is $240,854, and property tax bills can vary significantly. For example, the highest median tax bill is $6,646 in the 33410 zip code, while the lowest median tax bill is $1,309 in the 33417 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in West Palm Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across West Palm Beach, Florida
Source: Ownwell
$32,527
$1,351,467
$2,670,407
Average West Palm Beach Assessed Value
$240,854
Average Palm Beach County Assessed Value
$316,112
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Palm Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33401 | $99,110 | $157,290 | $245,030 | $413,820 | $706,301 |
| 33403 | $108,900 | $191,452 | $251,450 | $296,925 | $355,345 |
| 33404 | $116,999 | $169,931 | $250,000 | $250,000 | $250,000 |
| 33405 | $206,330 | $254,260 | $336,248 | $599,678 | $1,159,154 |
| 33406 | $174,296 | $206,700 | $287,084 | $376,299 | $480,645 |
| 33407 | $110,999 | $169,400 | $195,597 | $278,340 | $389,893 |
| 33409 | $119,840 | $143,240 | $186,109 | $284,510 | $378,476 |
| 33410 | $260,853 | $419,867 | $561,142 | $1,157,551 | $2,732,378 |
| 33411 | $105,450 | $148,200 | $315,306 | $412,023 | $522,122 |
| 33412 | $254,861 | $345,860 | $443,820 | $574,132 | $758,447 |
| 33413 | $227,132 | $258,630 | $318,484 | $400,266 | $473,765 |
| 33415 | $62,933 | $102,600 | $192,712 | $259,581 | $319,846 |
| 33417 | $41,222 | $51,869 | $94,760 | $199,500 | $288,900 |
| 33418 | $343,655 | $399,059 | $598,596 | $800,304 | $1,073,477 |
Source: Ownwell
$1,148
Average West Palm Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across West Palm Beach, Florida
In West Palm Beach, property tax bills are calculated based on the assessed value of a home, which is determined by the Palm Beach County Property Appraiser. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. For instance, the median home price in West Palm Beach is $240,854, resulting in tax bills that range significantly. Homeowners in the 25th percentile pay around $1,581, while those in the 75th percentile see bills up to $5,076, and the 90th percentile can reach $7,828. With the national median property tax rate at 0.99%, West Palm Beach homeowners often find their tax bills higher than average. This is where Ownwell can help. By leveraging expert knowledge and resources, Ownwell assists homeowners in appealing their property assessments and securing exemptions, potentially saving them significant amounts on their tax bills.
Average West Palm Beach Tax Bill
$3,066
Average Palm Beach County Tax Bill
$3,892
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across West Palm Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33401 | $1,364 | $2,232 | $4,100 | $6,793 | $11,648 |
| 33403 | $1,545 | $2,029 | $3,164 | $4,781 | $6,151 |
| 33404 | $1,081 | $3,984 | $4,493 | $5,388 | $5,388 |
| 33405 | $988 | $2,414 | $4,492 | $7,492 | $14,896 |
| 33406 | $1,010 | $1,865 | $3,046 | $4,538 | $6,277 |
| 33407 | $1,022 | $1,756 | $2,965 | $4,191 | $6,124 |
| 33409 | $1,021 | $1,987 | $2,927 | $3,827 | $5,579 |
| 33410 | $1,636 | $3,969 | $6,646 | $11,913 | $34,366 |
| 33411 | $1,453 | $2,392 | $3,791 | $5,866 | $7,830 |
| 33412 | $3,105 | $4,242 | $6,106 | $8,728 | $13,066 |
| 33413 | $1,209 | $2,442 | $4,139 | $5,572 | $7,395 |
| 33415 | $672 | $1,093 | $1,790 | $3,236 | $4,544 |
| 33417 | $368 | $858 | $1,309 | $2,271 | $3,808 |
| 33418 | $2,757 | $4,461 | $6,528 | $9,111 | $14,106 |
Source: Ownwell
$1,148
Average West Palm Beach Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 16 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Palm Beach Property Appraiser | |
| Phone | (561) 355-3230 |
| Website | www.pbcgov.org |
| pa-info@pbcgov.org | |
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