Highland Beach, Florida Property Taxes
The median property tax rate in Highland Beach, FL is 1.47%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Highland Beach at $577,350, the typical annual property tax bill reaches $7,778, exceeding the national median of $2,690. Property taxes in Highland Beach are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Highland 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 Highland 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
Highland Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$8,487
$8,024
$1,148
Average Highland Beach, Florida Tax Savings
Ownwell’s Highland Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highland Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highland 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 Highland 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 Highland Beach, Florida
Property taxes in Highland 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 Highland Beach is 1.47%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Highland Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highland 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 Highland Beach's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 33487 has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Highland 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 Highland Beach Tax Rate
1.47%
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 Highland Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33487 | 0.78% | 1.09% | 1.47% | 1.56% | 1.64% |
Source: Ownwell
$1,148
Average Highland Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Highland Beach, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Highland Beach, FL. 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 Appraisal District 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 Highland 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. By understanding the distinction between 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 Highland Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 33487, with a value of $7,778.
Property Tax Assessment Values Across Highland Beach, Florida
Source: Ownwell
$32,527
$1,351,467
$2,670,407
Average Highland Beach Assessed Value
$577,350
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 Highland Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33487 | $355,374 | $421,572 | $577,350 | $946,000 | $1,676,100 |
Source: Ownwell
$1,148
Average Highland Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Highland Beach, Florida
In Highland Beach, Palm Beach County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local property tax rate. For context, the national median property tax rate is 0.99%. Factors such as property size, location, and market conditions play a crucial role in determining the assessed value. Homeowners in Highland Beach face a median home price of $577,350, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $5,654, while the 75th percentile reaches $12,294, and the 90th percentile can be as high as $20,873. High property taxes can be a burden, but Ownwell can help homeowners save. By providing expert property tax appeal and exemption services, Ownwell ensures that your property is fairly assessed, potentially reducing your tax bill. With a deep understanding of local tax regulations and a proven track record, Ownwell can help you achieve substantial savings on your property taxes.
Average Highland Beach Tax Bill
$7,778
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 Highland Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33487 | $4,040 | $5,654 | $7,778 | $12,294 | $20,873 |
Source: Ownwell
$1,148
Average Highland 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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