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Posted on: August 30, 2022

Your Property Taxes Explained & Proposed Budget

Top of front page for the Your Property Taxes Explained 2022 brochure

Beginning the week of August 19, 2022, property owners in the City of Boca Raton were mailed a notice regarding proposed tax rates. The City’s Your Property Taxes Explained brochure is intended to educate residents on how their tax dollars are distributed and used.

Your Property Taxes Explained

Why Do I Receive This Notice?

Florida law requires each County’s Tax Collector to send one consolidated tax bill to notify each property owner of their annual ad valorem (a tax based on the assessed value of a property) and special assessment obligations. All local governments and special districts in Palm Beach County use this single tax bill. City of Boca Raton residents pay property taxes to a variety of different taxing authorities (see graph below).

Where Do Your Property Taxes Go?

Residents of the City of Boca Raton paid $516,913,471 in annual property taxes. The City of Boca Raton receives only $108.3 million of these total tax dollars, or 20.95%. The remaining amount of your tax dollars go to other taxing agencies in Palm Beach County.

Graph from Your Property Taxes Explained 2022 brochure

Property Tax Rates

The City of Boca Raton continues to have one of the lowest property tax rates for a full-service city in the state of Florida, at 3.68. In addition, the City of Boca Raton’s proposed Fire Assessment Fee is one of the lowest among comparable cities.

2022 property tax rates graph

To learn more about how your property taxes are spent, and by which agencies, view the Your Property Taxes Explained brochure. Hard copies of the brochure are available upon request at City Hall, 201 W. Palmetto Park Road.

City to Present 2022-23 Proposed Budget at Sept. 12 Meeting

The City's Fiscal Year 2022-2023 Proposed Budget and Proposed CIP are now available on our website. City staff will present the 2022-23 Tentative Budget to the City Council at the Tentative Budget Hearing on Monday, September 12at 6pm and the Final Budget at the Final Budget Hearing on Monday, September 19 at 6pm at 6500 Congress Avenue.

View the Proposed Budget and the Proposed CIP on the 2022-2023 Budget webpage.

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