Palm Beach County property values returning to pre-recession levels

Posted on Thursday, May 29th, 2014 at 5:33pm.

Palm Beach County’s property appraiser says the market’s values are “back to normal.”

Appraiser Gary Nikolits released updated estimates of the county’s property tax base on Wednesday. His office projects a 6.8 percent increase in the tax base in 2013. 

Palm Beach County is on track to post its first year-over-year property value gain since the start of the recession, according to the Palm Beach Post.

“What we are looking at is a return to normal markets,” Nikolits said. “A countywide increase of 6.8 percent is pretty much in line with what we were experiencing before we had the crash.” 

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