Palm Beach’s HIghest Property Taxes

Palm Beach’s HIghest Property Taxes

33480 has  51 residential properties paying over $500,000 annually in property taxes.  This article from The Real Deal outlines who pays what and where.

 

Who pays the most property taxes in Palm Beach?

Citadel founder Ken Griffin is No. 1. His nearly $250 million assemblage in the South Ocean Boulevard corridor generated $3.66 million in property taxes this year.

That’s according to an analysis of new tax rolls in Palm Beach by the Palm Beach Daily News. Griffin’s estate includes 1290 South Ocean Boulevard (also known as 1265 South Ocean Boulevard), 70 Blossom Way, and 1285 South Ocean Boulevad

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A record number of 51 Palm Beach homeowners were billed at least $500,000 in taxes in 2018, up from 40 last year, according to the analysis.

Nelson Peltz, a hedge fund manager, and his wife Claudia, were the second highest taxpayers. Their North County Road estate rang up a $1.98 million tax tab. Its market value is pegged at $123 million.

Others in the top 51 ranking include President Trump, whose Palm Beach properties were taxed $899,864 based on a market value of $52 million. Trump had the 11th highest Palm Beach tax bill in 2018, 10 spots higher than last year, thanks in part to an $18.5 million purchase in late April.

Rod Stewart, Howard Stern, Frank McCourt and Sir Peter Wood also made the cut. Check out the full list here. [Palm Beach Daily News] – Amanda Rabines