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Palm Beach County appraiser: Highland Beach market value rose nearly 7% as condo values hold
Summary
Dorothy Jacks, Palm Beach County's property appraiser, told the Highland Beach Town Commission on July 15 that the town's market value rose about 6.9 percent to roughly $5.5 billion, with taxable value near $4.0 billion, and that condominium and single-family markets are the main drivers of that increase.
Dorothy Jacks, the Palm Beach County property appraiser, told the Highland Beach Town Commission on July 15 that Highland Beach's market value is about $5.5 billion with a taxable value of about $4.0 billion, a year-over-year increase of roughly 6.9 percent. She said about $6 million in new construction was recorded for 2024, concentrated in a single single-family property. The town has about 4,200 taxable parcels, roughly 3,700 of them condominium units, and about 1,759 parcels (42 percent) claimed as homestead.
Jacks said homesteaded property in Florida is limited by a 3 percent annual assessment cap (or the change in the Consumer Price Index, whichever is less) while other types of property may be subject to a 10 percent cap for certain classes…
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