What is a Palm Beach County property appraiser? The main duty of the property appraiser is to provide the County with an annual assessment report on the relative value of the properties and improvements made thereon. The work of the Palm Beach County appraiser is important because his appraisal serves as basis to taxes that will be levied on such properties.

How are properties appraised? In the case of Agricultural Lands, the Palm Beach County property appraiser does a mathematical estimate of production, income, expense and acreage of agricultural property. The taxable value is based on the income earned by the sale of produce grown or livestock raised on the land. Of course the area where the house stands is subject to a $25,000 residential homestead exemption and the 3% cap.

What about commercial establishments? The Palm Beach County property appraiser uses the income capitalization scheme in the appraisal process. They peek into rent rolls and operating expenses that will be submitted by property owners. It details among others rental rates, expenses, vacancy and other pertinent data which are then analyzed by a thorough comparison of similar properties.

Other properties subject to the Palm Beach County property appraiser are condominium units, residential dwellings, apartment houses and even vacant lands.