The numbers keep rising.
Officials now say Palm Beach County’s property value jumped 8.41 percent from 2015 to 2016, in July 1 preliminary tax roll numbers submitted today to the state.
And the county property appraiser’s office says, those numbers could change again before the final accounting. This is the second of three required certifications; the last is Nov. 1. The figure was 7.85 percent in late May, and a late April estimate put it at 6.6 percent.
Wednesday’s box score:
- Total market value: $237.5 billion
- Total taxable value: $165.1 billion
- Number of parcels: 635,144
“This is the fourth year in a row the market has improved,” Property Appraiser Gary Nikolits said in a release.
The figures inch the county closer to its historic high of $169.5 billion, set in 2007, before the recession sent it plummeting to a 10-year low of $124.4 billion three years later. Since 2012, the market value of real property in the county has jumped 46 percent, Wednesday’s release said.
Values are set as of Jan. 1 and give cities and other taxing entities guidance as they assemble their budgets, and potential tax rates, for approval at the end of September.