Palm Beach County, Florida property tax
The median homeowner in Palm Beach County, Florida pays $3,600 a year in property tax on a home worth $407,300, an effective rate of 0.88%. The national effective rate is 0.98%.
What the rate means here
Palm Beach County taxes property at 0.88%, within a rounding error of the national 0.98%. The median bill of $3,600 therefore tracks the median home value of $407,300 fairly directly, which is not true everywhere.
It ranks #7 of 67 Florida counties by effective rate, against a statewide 0.79%, and #1,267 nationally. The state runs from 1.05% in Hardee County down to 0.45% in Walton County.
The median home costs 5.02 times the median household income of $81,115, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 26.9% of median income in gross rent. With 1,507,453 residents this is one of the larger counties in the country, so the medians here average across a genuinely varied housing market and hide a lot of local range.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Palm Beach County | Florida | United States | |
|---|---|---|---|
| Effective property tax | 0.88% | 0.79% | 0.98% |
| Median tax bill | $3,600 | $2,555 | $2,969 |
| Median home value | $407,300 | $325,000 | $303,400 |
| Median gross rent | $1,818 | $1,564 | $1,348 |
| Median household income | $81,115 | $71,711 | $78,538 |
| Home price to income | 5.02× | 4.53× | 3.86× |
| Rent as share of income | 26.9% | 26.17% | 20.6% |
| Owner-occupied | 69.86% | 67.32% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 1,507,453.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Hillsborough County | 0.84% | $2,787 | $333,300 |
| Orange County | 0.78% | $2,795 | $358,300 |
| Broward County | 0.95% | $3,610 | $380,400 |
| Duval County | 0.78% | $2,142 | $274,900 |
| Pinellas County | 0.73% | $2,324 | $319,000 |
Palm Beach County property tax: common questions
What is the property tax rate in Palm Beach County, Florida?
The effective rate is 0.88% of home value, from a median tax bill of $3,600 against a median home value of $407,300. That is 0.1 points below the national 0.98%.
How much is property tax on a $400,000 home in Palm Beach County?
Roughly $3,520 a year at the county effective rate of 0.88%.
Is Palm Beach County expensive compared with the rest of Florida?
It ranks #7 of 67 Florida counties by effective property tax rate, and #1267 of 2,826 nationally. That is 0.09 points above the Florida average of 0.79%.
What does housing cost in Palm Beach County?
The median home is worth $407,300 and median gross rent is $1,818 a month. Median household income is $81,115, which puts the home at 5.02 times annual income and rent at 26.9% of it.