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Palm Beach, Palm Beach County, Florida Property Taxes

  • Median Palm Beach, FL effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Palm Beach, FL home value: $743,814

  • Median annual Palm Beach, FL tax bill: $9,213, $6,813 higher than the national median property tax bill of $2,400.

How are property taxes in Palm Beach calculated?

Property taxes in Palm Beach, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Palm Beach’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palm Beach, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Palm Beach, Palm Beach County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.35%

Estimate Property Tax Bill

$10,041

$9,318

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Palm Beach Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Palm Beach with just two data points. By entering your property's estimated assessed value, our calculator applies Palm Beach’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Palm Beach County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Palm Beach, Palm Beach County, Florida

Local government entities set tax rates, which can vary widely within Florida. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Palm Beach County, for instance, has a median property tax rate of 1.35%, which is notably higher than the national median of 1.02%. The effective tax rate in Palm Beach is consistent across its zip codes, such as 33480, reflecting the county's uniform approach to taxation. This rate is significantly higher than the national median, resulting in a higher property tax bill compared to the national average of $2,400. Understanding these rates is crucial for homeowners seeking to manage their property tax liabilities effectively. By comparing Palm Beach’s effective property tax rate to other cities in Florida and the U.S., property owners can better navigate the financial landscape and potentially appeal for adjustments where applicable.

Property Tax Rates Across Palm Beach, Palm Beach County, Florida

Source: Ownwell

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1.01%

1.70%

2.38%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Palm Beach Tax Rate

1.35%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Palm Beach County Tax Rate

1.34%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Palm Beach, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
334800.60%0.97%1.35%1.54%1.78%

Source: Ownwell

Property Tax Assessment Values Across Palm Beach, Palm Beach County, Florida

When examining property taxes in Palm Beach, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Palm Beach County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Palm Beach County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Palm Beach.

For example, the median home price in Palm Beach is $743,814, with tax bills ranging significantly across the county. Zip code 33480 has the highest median home price at $743,814.

Property Tax Assessment Values Across Palm Beach, Palm Beach County, Florida

Source: Ownwell

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$75,260

$500,314

$925,368

Median Palm Beach Market Value

$743,814

Median Palm Beach County Market Value

$316,112

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Palm Beach, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33480$189,000$285,856$743,814$3,069,699$8,309,206

Source: Ownwell

Property Tax Bills Across Palm Beach, Palm Beach County, Florida

In Palm Beach, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the Palm Beach County Property Appraiser. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property improvements, market conditions, and exemptions can influence the assessed value. The median home price in Palm Beach is $743,814, and property tax bills can vary significantly. The 25th percentile tax bill is $4,031, while the 75th percentile reaches $30,313, with a 90th percentile at $82,168. This range indicates how property taxes can impact homeowners differently, depending on their property's value and location. The national median property tax rate is 1.02%, with a median bill of $2,400, highlighting the higher costs in Palm Beach. Ownwell can help homeowners save on their property tax bills by providing expert assistance in appealing assessments and securing exemptions, potentially leading to significant savings.

Property Tax Bills Across Palm Beach, Palm Beach County, Florida

Source: Ownwell

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$939

$6,170

$11,401

Median Palm Beach Tax Bill

$9,213

Median Palm Beach County Tax Bill

$3,892

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Palm Beach, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33480$2,172$4,031$9,213$30,313$82,168

Source: Ownwell

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