Inside Palm Beach County’s new $7.7 billion budget: Will property taxes rise?

The county government has adopted a tentative budget maintaining the tax rate at $4.50 per $1,000 of assessed property, but rising property values will likely lead to higher tax bills. Property values increased by 9% in 2023, meaning homeowners will pay more despite the unchanged rate. The budget, totaling $7.7 billion, includes a 6% pay increase for county employees and significant funding increases for various services. A final public hearing on the budget is scheduled for September 17.