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Palm Springs, Palm Beach County, Florida Property Taxes

  • Median Palm Springs, FL effective property tax rate: 1.54%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Palm Springs, FL home value: $185,964

  • Median annual Palm Springs, FL tax bill: $1,923, $477 lower than the national median property tax bill of $2,400.

How are property taxes in Palm Beach calculated?

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

Last Updated March 1, 2025

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

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.54%

Estimate Property Tax Bill

$2,864

$2,658

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Palm Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Palm Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Palm Springs’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Palm Beach 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 Springs, Palm Beach County, Florida

Local government entities set tax rates, which can vary widely within a state. 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.

In Palm Springs, part of Palm Beach County, the property tax landscape reflects this process. The effective property tax rate here is a reflection of the county's budgetary needs and taxable property values. When comparing Palm Springs’ effective property tax rate to other cities in Florida, you'll find it aligns closely with the state's median. However, the rate is notably higher than the national median of 1.02%.

Palm Springs’ rate is a testament to the diverse economic demands and property values within Florida. Understanding these nuances can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Palm Springs, 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 Springs Tax Rate

1.54%

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 Springs, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
334060.47%0.66%1.46%1.94%2.03%
334610.47%0.66%1.54%2.09%2.27%

Source: Ownwell

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

When examining property taxes in Palm Springs, Florida, 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.

Assessment notices: 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 Springs. For example, the median home price in Palm Springs is $185,964, with tax bills ranging significantly across the county. 33406 has the highest median home price at $265,778.

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

Source: Ownwell

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$75,260

$500,314

$925,368

Median Palm Springs Market Value

$185,964

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 Springs, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33406$169,600$171,054$265,778$320,185$382,310
33461$58,714$78,591$185,964$252,056$308,185

Source: Ownwell

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

In Palm Springs, located in Palm Beach County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. The tax rate, also known as the millage rate, is then applied to this assessed value to calculate the annual tax bill. Factors such as property location, size, and improvements can affect the assessed value and, consequently, the tax bill. For homeowners, this means that property taxes can significantly impact annual expenses. In Palm Springs, the median tax bill can range from $1,243 at the 25th percentile to $4,660 at the 90th percentile, reflecting the diversity in property values and tax burdens within the area. Ownwell offers valuable assistance to homeowners by providing expert property tax appeal and exemption services. By reviewing and potentially lowering the assessed value, Ownwell helps homeowners reduce their property tax bills, ensuring they do not overpay and can achieve substantial savings.

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

Source: Ownwell

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$939

$6,170

$11,401

Median Palm Springs Tax Bill

$1,923

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 Springs, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33406$1,184$1,933$3,386$4,589$6,192
33461$596$1,197$1,860$3,323$4,500

Source: Ownwell

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