Property Tax Calculator -Palm Beach County Appraiser site

[Al Banfe]

I am looking to buy a property in the West Palm Beach area, and just read this on the Palm Beach County Property Appraiser website:

"*Buyers take note: Taxes will change and often increase substantially when a property sells. The seller’s exemption benefits will GO AWAY the year after they sell and this may result in higher taxes for a buyer. Please use the Property Tax Calculator to get a better annual tax estimate if you are purchasing this property."

As if the taxes were not already sky high. The calculator OVER doubles the taxes on properties I have looked at.

Any one been shocked by their tax bill?

https://www.pbcgov.org/papa (type in any address and the sale price.) The expected taxes are insane!

[Wayne Brooks]

@Al Banfe Yes.  The Save Our Homes law, which caps homestead properties to a 3% increase per year for assessments, keeps taxes restrained on these properties.  Note that “market values” are established every year by comps and aren’t affected by a sale.