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The quantity of Palm Beach County single-family homes that sold in August was down 11% from the same month last year, but the median price increased 2% to $617,500.
At $640,000, March’s median sale price was 11% higher than the same time last year and $15,000 more than the previous record set in June 2023.
The increase in market value in Palm Beach was far lower than the 21% year-over-year hike in the estimates released last year at this time, when estimated values jumped from $40.77 billion to $49. ...
The amendment caps the increase of the assessed value of a home with a homestead exemption to the lesser of 3% or the rate of inflation. This means that if an owner had a homestead exemption on a home valued at $100,000 in 1995, and the exemption was still valid in 2005, the most the home could be assessed at is approximately $126,000 [3] .
The tale of a small condominium complex going against a bulk buyer who it felt was offering a low-ball offer will go down in lore as a real estate version of David vs. Goliath, or Jack vs. the ...
“The housing markets of Florida are unique and respond to federal policies in different ways, such as the luxury tax in Palm Beach and the Social Security in Fort Myers,” explained realtor ...
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