PALM BEACH COUNTY PROPERTY APPRAISERS OFFICE PRESENTER: D OROTHY A. - PowerPoint PPT Presentation

PALM BEACH COUNTY PROPERTY APPRAISER’S OFFICE PRESENTER: D OROTHY A. J ACKS , CFE, AAS Chief Deputy Property Appraiser October 7, 2015 Town of Lake Park

Town of Lake Park $700 million • Market Value $ 523 million • Taxable Value 3,049 • Parcel Count PALM BEACH COUNTY PROPERTY APPRAISER

2015 Lake Park Total MARKET VALUE $700,626,116 100% A SSESSMENT D IFFERENTIAL R EDUCTION 5.1% Save Our Homes Differential $35,419,340 10% Non-Homestead Assessment $25,382,326 3.6% Increase Cap Agricultural Classification $0 Pollution Control Devices $27,585 Conservations Lands $0 Working Waterfronts $0 SUBTOTAL $60,829,251 8.7% ASSESSED VALUE $639,796,865 91.3% PALM BEACH COUNTY PROPERTY APPRAISER

2015 Lake Park Total $639,796,865 ASSESSED VALUE 91.3% E XEMPTIONS R EDUCTION $25K Homestead (193.031 (1)(a), F. S.) $31,631,603 4.5% Additional $25K Homestead (193.031 $28,518,873 4.1% (1)(b), F.S.) Additional $25K Homestead Age 65 $0 (196.075, F.S.) $25K Tangible Personal Property $5,082,843 0.7% Governmental Property $42,716,788 6.1% 1.0% Institutional Property $7,016,999 Others(Senior, Widow, Widowers, 0.2% $1,444,058 Disability, Historic and Economic) SUBTOTAL $116,411,164 16.6% TAXABLE VALUE $523,385,701 74.7% PALM BEACH COUNTY PROPERTY APPRAISER

Lake Park– Real Property 2015 Market Value Taxable Value Other Other $4,005,576 $41,028,795 Industrial Residential Residential $84,973,774 $168,092,543 $95,160,288 Industrial $87,616,297 Condominium $52,852,848 Condominium $89,026,791 Commercial Multifamily $176,910,605 Commercial $77,049,074 $173,073,241 Multifamily $82,922,324 Residential Condominium Multifamily Residential Condominium Multifamily Commercial Industrial Other Commercial Industrial Other Total $645,597,355 Total $487,114,801 PALM BEACH COUNTY PROPERTY APPRAISER

? Lake Park-2016 Projections Town is a No Residential good mix of expansion market is residential, ability, but the improving commercial and feel of a slightly for related property “small town“ 2015/2016 uses PALM BEACH COUNTY PROPERTY APPRAISER

PALM BEACH COUNTY PROPERTY APPRAISER’S OFFICE THANK YOU! D OROTHY A. J ACKS , CFE, AAS Chief Deputy Property Appraiser djacks@pbcgov.org