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Palm Beach, Palm Beach County, Florida Property Taxes

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Property Taxes in Palm Beach, Florida

  • Median Palm Beach, Florida effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, and higher than the Florida state median of 1.10%.

  • Median Palm Beach, Florida home value: $1,230,000

  • Median annual Palm Beach, Florida tax bill: $11,383, $8,983 higher than the national median property tax bill of $2,400.

How are property taxes in Palm Beach calculated?

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

Last Updated April 13, 2026

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

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$14,514

$13,469

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Palm Beach Property Tax Calculator Work?

Use this Palm Beach property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Palm Beach's median effective tax rate of 1.18% — based on actual property records in Palm Beach County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Palm Beach's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Palm Beach: rates range from 1.18% in 33480 to 1.18% in 33480, primarily due to differences in school district levies and local assessment districts. Palm Beach's median property tax bill is $11,383, compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.

If your estimate is higher than expected, Ownwell can appeal your Palm Beach assessment — you only pay if we save you money.

About Palm Beach Property Taxes

About Property Taxes in Palm Beach, Palm Beach, Florida

Palm Beach’s median effective property tax rate of 1.18% is higher than the Florida state median of 1.10% and higher than the national median of 1.02%. This rate reflects the Palm Beach County levy and local taxing authorities that shape property taxes across the area.

Property tax rates are not uniform across Palm Beach. Homeowners in ZIP code 33480 have a median effective rate of 1.18%, and the same ZIP code also reflects the city’s median tax bill of $11,383. That bill is higher than the national median property tax bill of $2,400 and higher than the state median by $8,983.

Palm Beach homeowners who believe their assessed value is too high can file a formal appeal with the Property Appraiser before September 15, 2026.

If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Palm Beach, Palm Beach County, Florida

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, 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.

Below, you can compare Palm Beach's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Property Tax Rates Across Palm Beach, Palm Beach County, Florida

Source: Ownwell

0.89%

1.47%

2.05%

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 Tax Rate

1.18%

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

1.20%

Median Effective Florida Tax Rate

1.10%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Palm Beach, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
334800.43%0.74%1.18%1.47%1.63%

Source: Ownwell

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

When examining property taxes in Palm Beach, 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 August.

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. The median home price in Palm Beach is $1,230,000, with tax bills ranging significantly across the county. Zip code 33480 has the highest median home price at $1,230,000.

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

Source: Ownwell

$120,505

$745,768

$1,371,030

Median Palm Beach Market Value

$1,230,000

Median Palm Beach County Market Value

$386,119

Median Florida Market Value

$310,033

Median United States Market Value

$235,294

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

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33480$255,000$405,000$1,230,000$4,183,106$11,500,000

Source: Ownwell

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

Palm Beach property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners in Palm Beach, the median home price is $1,230,000, and tax bills can vary widely depending on the home’s assessed value and any exemptions that apply. A higher assessed value generally means a higher tax bill, while a successful appeal can reduce what a homeowner owes.

What affects the bill? The assessed value, local tax rates, and available exemptions all play a role. In Palm Beach, the 25th percentile tax bill is $4,845, while the 75th percentile is $36,430 and the 90th percentile reaches $96,325. That range shows how quickly property taxes can rise for homeowners with higher-value homes.

Ownwell helps homeowners review their assessments, identify savings opportunities, and appeal unfair property tax bills. By challenging an inflated assessed value, Ownwell can help reduce the amount homeowners pay each year.

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

Source: Ownwell

$1,291

$10,080

$18,868

Median Palm Beach Tax Bill

$11,383

Median Palm Beach County Tax Bill

$4,412

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

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

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33480$2,437$4,845$11,383$36,430$96,325

Source: Ownwell

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Frequently Asked Property Tax Questions in Palm Beach, Florida

How are property taxes calculated in Palm Beach, Florida?
Property taxes in Palm Beach, Florida are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Palm Beach, Florida?
To appeal your property taxes in Palm Beach, Florida, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Palm Beach, Florida?
Common property tax exemptions in Palm Beach, Florida include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Palm Beach, Florida?
Property tax deadlines in Palm Beach, Florida vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Palm Beach, Florida?
Ownwell provides professional property tax appeal services in Palm Beach, Florida. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.