So how much could your city lose if the ballot question to slash property taxes passes in November?
The Palm Beach County government, which oversees unincorporated areas, stands to lose $324 million annually. Special taxing districts, such as county fire rescue and the library system would sustain losses of $148 million and $47 million, respectively. The figures range from $31.8 million for West Palm Beach to $83,000 for Briny Breezes.
In most cases, the loss amounts to at least 25% of the revenue currently generated by property taxes, also called ad valorem. County Appraiser Dorothy Jacks provided updated figures on the losses on June 4…