Avg. 1.02% of home value
Yearly median tax in Palm Beach County
The median property tax in Palm Beach County, Florida is $2,679 per year for a home worth the median value of $261,900. Palm Beach County collects, on average, 1.02% of a property's assessed fair market value as property tax.
Palm Beach County has one of the highest median property taxes in the United States, and is ranked 232nd of the 3143 counties in order of median property taxes.
The average yearly property tax paid by Palm Beach County residents amounts to about 4.32% of their yearly income. Palm Beach County is ranked 166th of the 3143 counties for property taxes as a percentage of median income.
You can use the Florida property tax map to the left to compare Palm Beach County's property tax to other counties in Florida. Miami-Dade County collects the highest property tax in Florida, levying an average of $2,756.00 (1.02% of median home value) yearly in property taxes, while Dixie County has the lowest property tax in the state, collecting an average tax
of $503.00 (0.51% of median home value) per year.
To compare Palm Beach County with property tax rates in other states, see our map of property taxes by state.
Palm Beach County Property Tax Rate
Because Palm Beach County uses a complicated formula to determine the property tax owed on any individual property, it's not possible to condense it to a simple tax rate, like you could with an income or sales tax.
Instead, we provide property tax information based on the statistical median of all taxable properties in Palm Beach County. The median property tax amount is based on the median Palm Beach County property value of $261,900. You can use these numbers as a reliable benchmark for comparing Palm Beach County's property taxes with property taxes in other areas.
Our data allows you to compare Palm Beach County's property taxes by median property tax in dollars, median property tax as a percentage of home value, and median property tax as a percentage of the Palm Beach County median household income.
Palm Beach County Property TaxesSource: www.tax-rates.org