Fall 2024 FCIAAO Newsletter

SPOTLIGHT

PALM BEACH COUNTY Nest led along F lor ida' s southeastern coast , Palm Beach County epi tomi zes the blend of natural beauty , economic v i tal i ty , and cul tural r ichness . As one of the largest and most economical ly s igni f icant count ies in the state, Palm Beach County of fers a unique combinat ion of l i festyle advantages and bus iness oppor tuni t ies that make i t an at t ract i ve dest inat ion for res idents , investors , and tour i sts al i ke. St retching f rom the v ibrant ci ty of West Palm Beach to the upscale enclaves of Palm Beach and the t ranqui l towns of Jupi ter and Boca Raton, Palm Beach County covers more than 2 , 300 square mi les . I ts di verse geography encompasses scenic coast l ines , lush wet lands , and charming smal l towns , creat ing a dynamic backdrop for both l i v ing and bus iness . Palm Beach County ’ s economy i s a testament to i ts st rategic s igni f icance and res i l ience. The county ' s economic landscape i s def ined by a r ich tapest ry of sectors , including: Real Estate and Development : The real estate market in Palm Beach County i s marked by luxury proper t ies , water f ront estates , and high-end commercial spaces . The area' s appeal to af f luent buyers and investors has spur red s igni f icant development , mak ing i t a key player in F lor ida’ s real estate sector . Finance and Weal th Management : Known for i ts concent rat ion of high-net wor th indi v idual s , Palm Beach County i s a hub for f inance and weal th management . Major f inancial inst i tut ions and FALL 2024

pr i vate banks are Headquar tered here, of fer ing a range of f inancial serv ices to both local and internat ional cl ients . i s home to some of the nat ion’ s leading heal thcare faci l i t ies and research inst i tut ions , including the Cleveland Cl inic F lor ida and Scr ipps Research. These inst i tut ions not only prov ide cut t ing-edge medical care but al so dr i ve innovat ion in Palm Beach County i s renowned for i ts env iable qual i ty of l i fe. I ts res idents enjoy a t ropical cl imate wi th abundant sunshine, mi les of pr i st ine beaches , and a weal th of outdoor act i v i t ies . The county boasts a v ibrant cul tural scene wi th numerous museums , gal ler ies , and per forming ar ts venues . The Krav i s Center for the Per forming Ar ts and the Nor ton Museum of Ar t are just a few examples of the r ich cul tural of fer ings avai lable to res idents and v i s i tors . For gol f enthus iasts , Palm Beach County i s a paradi se, featur ing numerous wor ld-class gol f courses . Addi t ional ly , the county of fers a range of outdoor act i v i t ies , including boat ing, f i shing, and nature t rai l s , cater ing to those who enjoy an act i ve l i festyle. From upscale dining establ i shments to charming local eater ies , Palm Beach County of fers a di verse cul inary landscape. Shopping oppor tuni t ies abound, wi th high end bout iques and luxury retai l opt ions avai lable in areas such as Wor th Avenue in Palm Beach and Mi zner Park in Boca Raton. Heal thcare and Biotechnology : The county biotechnology and pharmaceut ical s .

BY THE NUMBERS REAL PROPERTY PARCELS

655,691

TANGIBLE ACCOUNTS

58,270

TOTAL JUST VALUE

$514 BILLION

TOTAL TAXABLE VALUE

$318 BILLION

TAXABLE VALUE PER PARCEL

$464,278

EMPLOYEES

200

*2024 Roll

DOROTHY JACKS, CFA, AAS PROPERTY APPRAISER

14

STAYING APPRA I SED