Shareholder Brendan Lynch was quoted in a Mansion Global article regarding Florida municipalities trying to lower millage rates or keep them at current levels to provide some relief to homeowners. Because property valuations have risen so sharply in many places, such as Palm Beach, some towns are able to lower rates while still collecting more overall revenue.
Lynch explained that homeowners may be pleasantly surprised by their tax bills. “Even though values are up, their taxes didn’t increase as much as they thought they would,” he said.
Read the article: Will Homeowners in Palm Beach, Florida, See Property Taxes Rise in 2022?
This article is informational only. You should consult an attorney before acting or failing to act. The law may change rapidly and no warranty is given. LOWNDES DISCLAIMS ALL IMPLIED WARRANTIES AND WITHOUT LIMITATION, ANY WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. ALL ARTICLES ARE PROVIDED AS IS AND WITH ALL FAULTS. Consult a Lowndes attorney if you wish to establish an attorney/client relationship.