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July is an important month as my office submits the 2026 preliminary tax roll to Florida's Department of Revenue (DOR) and local taxing authorities. Values are based on market conditions as of January 1, 2026.
According to preliminary estimates released by my office on June 1, Palm Beach County-wide taxable property values increased approximately 6.87% from 2025 to 2026.
These estimates are used by the county, municipalities, school district, and other taxing authorities as they begin developing budgets and setting proposed tax rates for the coming fiscal year. Once proposed tax rates are established and the tax roll is approved by the Department of Revenue, property owners will receive a Truth in Millage (TRIM) Notice in August showing both their property value and proposed tax rates.
Much of this year's growth continues to be driven by new construction, particularly in the residential sector. Nearly 4,000 new residential units—including single-family homes, condominiums, and townhomes—were added to the tax roll this year, representing property value that was not previously taxed.
Highlights of the Preliminary Estimates
• Total Market Value – $548,720,252,351
• Total Taxable Value – $365,741,855,263
• Net New Construction – $5,354,897,887
• Percent Increase (Taxable Value) – +6.87%
• Real Property Parcels – 662,132
• Total Tangible Personal Property Accounts – 57,322
The above figures are preliminary and remain subject to change.
While state law requires my office to determine property values based on market conditions, tax rates are established by local taxing authorities. Information regarding their public budget hearings will be included on your TRIM Notice that will be sent in August.
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