Palm Beach property owners can expect to pay more in property taxes to the town during the 2026-27 budget year.
That’s not because of an increase in the property tax rate. The Town Council said at a budget workshop on Thursday it intends to retain the town’s existing tax rate of $2.61 per $1,000 of taxable value for the budget year that begins October 1.
Because of a 9 percent average increase in assessed property values on the island, property owners under the same tax rate will pay the town an additional $9.8 million in taxes, for a total of $93.6 million…