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Palm Beach Shores, Palm Beach County, Florida Property Taxes

  • Median Palm Beach Shores, FL effective property tax rate: 1.78%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Palm Beach Shores, FL home value: $511,250

  • Median annual Palm Beach Shores, FL tax bill: $6,450, $4,050 higher than the national median property tax bill of $2,400.

How are property taxes in Palm Beach calculated?

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

Last Updated March 1, 2025

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

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.78%

Estimate Property Tax Bill

$9,100

$8,445

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Palm Beach Shores Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Palm Beach Shores with just two data points. By entering your property's estimated assessed value, our calculator applies Palm Beach Shores’ 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 Shores, Palm Beach County, Florida

Local government entities in Florida set tax rates, which can vary widely within the state. This variation is due to each county estimating its required budget to provide services and dividing 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.

In Palm Beach Shores, located in Palm Beach County, the effective property tax rate is 1.78%. This rate is significantly higher than the national median property tax rate of 1.02%. Comparing this to other cities in Florida, Palm Beach Shores stands out with its higher rate, highlighting the importance of understanding local tax assessments.

For homeowners, this means that property tax bills in Palm Beach Shores may be higher than the national median tax bill of $2,400, making it crucial to explore potential tax appeals and exemptions. Understanding these variations can help property owners better navigate their financial responsibilities and potentially reduce their tax burden.

Property Tax Rates Across Palm Beach Shores, 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 Shores Tax Rate

1.78%

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 Shores, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
334040.74%1.21%1.78%1.94%2.02%

Source: Ownwell

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

When examining property taxes in Palm Beach Shores, 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 Property Appraiser 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 Shores. For example, the median home price in Palm Beach Shores is $511,250, with tax bills ranging significantly across the county. Zip code 33404 has the highest median home price at $511,250.

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

Source: Ownwell

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$75,260

$500,314

$925,368

Median Palm Beach Shores Market Value

$511,250

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 Shores, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33404$220,000$269,730$511,250$741,283$919,096

Source: Ownwell

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

In Palm Beach Shores, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate. This tax rate can vary, but it contributes to the overall property tax bill. For homeowners in Palm Beach Shores, the median home price is $511,250, and the property tax bill can range significantly. For instance, the 25th percentile tax bill is $4,244, while the 75th percentile reaches $11,531, and the 90th percentile soars to $16,444. The median tax bill in the area stands at $6,450, which is considerably higher than the national median of $2,400. These high property tax bills can be a burden for homeowners. Ownwell offers a solution by helping homeowners appeal their property tax assessments and identify potential exemptions. By leveraging Ownwell's expertise, homeowners can potentially lower their tax bills, ensuring they only pay what is fair and equitable.

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

Source: Ownwell

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$939

$6,170

$11,401

Median Palm Beach Shores Tax Bill

$6,450

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 Shores, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33404$3,127$4,244$6,450$11,531$16,444

Source: Ownwell

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