SLIDE 1
- Market Value
$700 million
- Taxable Value
$523 million
- Parcel Count
3,049
PALM BEACH COUNTY PROPERTY APPRAISER
PALM BEACH COUNTY PROPERTY APPRAISERS OFFICE PRESENTER: D OROTHY A. - - PowerPoint PPT Presentation
PALM BEACH COUNTY PROPERTY APPRAISERS OFFICE PRESENTER: D OROTHY A. - - PowerPoint PPT Presentation
PALM BEACH COUNTY PROPERTY APPRAISERS 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
SLIDE 2
SLIDE 3
2015 Lake Park Total
MARKET VALUE
$700,626,116 100%
ASSESSMENT DIFFERENTIAL REDUCTION
Save Our Homes Differential $35,419,340
5.1%
10% Non-Homestead Assessment Increase Cap $25,382,326
3.6%
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
SLIDE 4
2015 Lake Park Total
ASSESSED VALUE
$639,796,865 91.3% EXEMPTIONS REDUCTION
$25K Homestead (193.031 (1)(a), F. S.) $31,631,603 4.5% Additional $25K Homestead (193.031 (1)(b), F.S.) $28,518,873 4.1% Additional $25K Homestead Age 65 (196.075, F.S.) $0 $25K Tangible Personal Property $5,082,843 0.7% Governmental Property $42,716,788 6.1% Institutional Property $7,016,999 1.0% Others(Senior, Widow, Widowers, Disability, Historic and Economic) $1,444,058 0.2%
SUBTOTAL $116,411,164 16.6%
TAXABLE VALUE $523,385,701 74.7%
PALM BEACH COUNTY PROPERTY APPRAISER
SLIDE 5
Lake Park– Real Property 2015
Residential $168,092,543 Condominium $89,026,791 Multifamily $82,922,324 Commercial $176,910,605 Industrial $87,616,297 Other $41,028,795
Market Value
Residential Condominium Multifamily Commercial Industrial Other
Total $645,597,355
PALM BEACH COUNTY PROPERTY APPRAISER
Residential $95,160,288 Condominium $52,852,848 Multifamily $77,049,074 Commercial $173,073,241 Industrial $84,973,774 Other $4,005,576
Taxable Value
Residential Condominium Multifamily Commercial Industrial Other
Total $487,114,801
SLIDE 6
Lake Park-2016 Projections
?
PALM BEACH COUNTY PROPERTY APPRAISER
Town is a good mix of residential, commercial and related property uses No expansion ability, but the feel of a “small town“ Residential market is improving slightly for 2015/2016
SLIDE 7