Farewell, 2023! The end of the year is the perfect opportunity to reflect on the past and share our goals for the future.
Property values in Palm Beach County continued their upward trend this year. Market real property values grew 20.6% from 2022, and taxable property values rose 14%. Just like last year, Westlake showed the largest percentage of taxable value increase from 2022 to 2023, with Glenridge and Cloud Lake rounding out the top three municipalities. Overall, the market value of all Palm Beach County property is more than $486 billion.
My staff are gathering information for 2024 as we prepare to value property based on the status of the market as of Jan. 1. I want to thank my staff for their continued diligence and commitment to accuracy and excellence. I am proud of every single one of the 220 qualified public servants in my office, as we retain more credentialed appraisal experts than any other jurisdiction in the United States. We determine the taxable value of more than 650,000 parcels and nearly 60,000 tangible personal property accounts in the county.
As we look forward to 2024, my office is also preparing to improve the service we offer to you on our website. Our website address is changing to pbcpao.gov, and the next time you visit us, things might look a little different. We hope you find our new site easier to use, more powerful, and more informative.
Throughout these changes and the improvements ahead, our mission is constant: to value property, administer exemptions, and maintain ownership records fairly, equitably, and in accordance with Florida law for all of Palm Beach County.
Thank you for allowing me to serve as your Property Appraiser. I wish you and your families a safe and happy holiday season.
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