Brendan Lynch Comments on Property Taxes in Palm Beach County

|Media Mention

Shareholder Brendan Lynch discussed property taxes with Mansion Global, addressing a reader's question: "My parents have retired to West Palm Beach, Fla., and I have heard that property taxes are supposed to decrease next year for them. Is it true?"

Lynch commented that property taxes are more likely to increase since property valuations have risen. He further explained that since the assessment date in Florida is January 1, values are based on the 2019 market. Potential changes to property values caused by the COVID-19 pandemic will not be recorded until January 1, 2021.

“Folks are probably going to be surprised that they’re seeing increases in value for 2020,” he said. “And then they are going to have to hold their breath again and hope that the millage rates...aren’t being increased.”

Lynch advised that homeowners appeal valuations this year, rather than waiting until next year. He also noted Florida's homestead exemption program and exemptions for low-income senior residents of the state. 

Read the article: Are Property Taxes Decreasing in West Palm Beach, Florida?

Related Expertise

Jump to Page

We use cookies on our website to improve functionality and collect statistical information on our website traffic. For details on how we use cookies, please see our Privacy Policy. By using this website, you agree to our Privacy Policy and Terms of Use

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. This type of cookie does not collect any personally identifiable information about you and does not track your browsing habits. You may disable necessary cookies by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies (also known as performance cookies) help us improve our website by collecting and reporting information on its usage at an aggregate level. You may disable analytical cookies by clicking on the Manage Cookies button.