West Palm Beach Property Records – WEST PALM BEACH, Fla. – A Palm Beach beach villa has set a new sales record in Palm Beach County and Florida.
The sale of the property at 535 N. County Road is also believed to be one of the most expensive real estate transactions in the country.
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Although the fully furnished property was listed at a starting price of $140 million, New York realtor Ryan Serhant, who represented the buyer, said the final closing price was $122.7 million.
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According to the Palm Beach Daily News, the property was one of three 6.26-acre properties sold by former President Donald Trump in 2008.
The new nine-bedroom, two-story mansion sits on over 2 acres and includes a separate guest suite, oceanfront pool, elevator, gym and wine cellar.
Amenities at 535 N. County Road include an oceanfront pool and a separate guest suite.
Serhant, who recently published a book called “Big Money Energy,” declined to name the buyer, but the New York Post reported that the buyer was New York financier Scott Shleifer. Serhant does not confirm or deny that the buyer paid in cash.
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Serhant said his company, which handles real estate sales worldwide, has offered a buyer for the property, which was listed by Lawrence A. Moens Associates.
“Our company, SERRANT., has been in existence for just over four months, and this sale is a testament to the platform we have created for our customers,” Serhant said in a statement. “I am very happy for our buyer.” Palm Beach County FL Property Taxes – 💸 The Ultimate Guide to 2024 and What You Need to Know [Rates, Searches, Fees, Dates]
Thinking of buying a home in one of Palm Beach County’s many beautiful cities? Remember that the purchase price is not everything: property taxes can significantly affect the affordability of your home.
One of the more confusing aspects of home ownership is property taxes. Even for similar values, you may pay more than your neighbor, and prices can vary greatly from city to city. How are property taxes calculated in Palm Beach County? What are the property tax rates in the country?
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Here’s everything you need to know about Palm Beach property taxes, including tax rates, payment instructions and exemptions to lower your tax bill.
Palm Beach County property taxes are based on the assessed value of the property. The Palm Beach County Property Appraiser is responsible for assessing property values ​​beginning January 1st and assessing the annual notice of property tax to property owners.
The taxable value is the assessed value minus the real estate tax exemption. The Palm Beach County Tax Collector uses this value to calculate the taxes owed.
Florida law requires the county assessor to remove the property’s exemptions when it is sold and reassess it to match the assessed value. The selling price is the “fair value” or market value.
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Property tax rates are set by local governments such as cities, school districts and counties. After the County Commission, School Board and other taxing authorities have set the tax rate, the county assessor states the applicable tax rate to the property’s taxable value and sends the approved tax list to the tax collector. Note that the chart below shows that ad valorem taxes – or property taxes based on the value of your property – are added to non-advance assessments. The latter refers to fees that a collection agency can add to a property tax bill. A typical example is the waste management fee.
A tax collector issues property tax bills, collects payments, and distributes taxes to local governments and tax authorities, such as school districts. The tax collector is also responsible for the sale of property tax certificates when the tax is due.
In August, a Real Estate Tax or Collection Notice (TRIM) is sent, which shows the tax value of your property on January 1. This notice also includes proposed tax rates and estimated property taxes. This is not a bill, just an estimate based on the proposed tax rates.
You can do a Palm Beach County Tax Collector property search online to see your property tax history, current tax bill, assessed value, appraisal, property tax exemptions and current property tax rate.
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Check your current price using the PAPA tool and search by address, PCN or property owner name. Click on Property Information and then under Taxes, click on “Property Tax Information” and find the authorized total tax rate.
Your Palm Beach property tax rate is reflected in the mills. One mill equals $1 for every $1,000 of taxable value. If the millage rate is 22.34, that means you pay $22.34 for every $1,000 of taxable value.
You can use the Palm Beach County Tax Collector’s property search tool here to see your current millage rate. You can also see the recommended interest rate on your annual TRIM report.
Please note that these 2021 production prices include all tax zones. A complete list of tax authorities and final prices can be found here.
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You must pay Palm Beach County property taxes between November 1st and March 31st. There is a 1–4% discount for advance payment:
Property taxes are due the day after the payment deadline. For 2021, the tax is due on April 1. Since taxes are illegal, they cannot be paid online.
Click here to pay your Palm Beach County property taxes online. You should search by owner name, address or property control number. You can see your current tax due. Click the “add to cart” button and then “checkout” to pay your bill.
Note that eChecks are free, but debit and credit card payments incur a 2.4% convenience fee.
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You can send your payment to the address below. Your payment must be postmarked on or before the due date to receive the prepayment discount. Check or money order should be made payable to “Tax Collector, PBC”.
Property taxes can be paid at PBC Tax Service Center offices. Service stations also have payment points after opening hours.
If you have a homestead exemption and are eligible, you can request a partial or full deferral of your property taxes. However, the deferral becomes a preferred lien on your home, and interest accrues until it is paid in full, at a maximum of 7% per year.
If you can’t pay your taxes in full before you become insolvent, you can sign up for a payment plan. Click here for a property tax installment plan application. Applications for 2021 must be submitted by April 30. Your tax bill is divided into four equal installments:
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Below is more information about office locations, how to appeal your property tax decision, and tax exemptions to lower your tax bill.
Property owners have the right to appeal the property’s assessed value and permitted exemptions. Your TRIM report in August will detail the taxes you owe (pending budget changes that affect mill rates) and the assessed value of your property. If you disagree, you can appeal to the Palm Beach County Board of Assessment Adjustment (BAB) within 25 days.
This request must be made before the deadline. The application contains instructions that must be followed. You must provide evidence to support your claim when the property appraiser must provide information to support the appraisal.
Palm Beach County property tax exemptions are administered by the Property Assessor’s Office. These exemptions reduce the assessed value of your home and your property tax bill.
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Palm Beach County’s primary property tax exemption is the homestead exemption. To qualify, the property must be your permanent residence. The Florida Homestead Exemption is $25,000, which applies to the first $50,000 of assessed value if you own the property as your primary residence on January 1 of the tax year. The additional exemption is up to $25,000 if your assessed value is between $50,000 and $75,000. The first $25,000 exemption applies to all property taxes, including school district taxes, but the second exemption does not.
Click here for a Florida Homestead Exemption Application that can be mailed to the property assessor or delivered in person. You can also submit a home tax exemption application electronically by clicking here.
Palm Beach County seniors age 65 or older who are not eligible for housing may qualify for this additional exemption with limited income. Your income must be less than the limit set by the IRS or $31,100 for 2021. This income limit does not apply to tax-free Social Security income or tax-free mortgage interest.
The additional exemption only applies to certain taxing areas, not school districts. The exemption applies to the following authorities.
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With the home tax exemption you are also entitled to the 3% Save Our Homes (SOH) limit. This limit rises to a maximum of 3% per year of the assessed value of the tax-free property or the percentage change in the consumer price index, whichever is lower.
Palm Beach County’s real estate appraiser is Dorothy Jacks, CFA, AAS, who was elected to the position in 2016. There are five real estate appraisers.
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