Palm Beach approves budget and holds tax rate

Palm Beach officials approved a $137.1 million budget for the 2026 to 2027 fiscal year and kept the town property tax rate at $2.61 per $1,000 of taxable value. The budget passed after two public hearings, with the tax rate approved on a split vote and the full budget adopted unanimously. For Palm Beach owners, buyers, and sellers, a steady tax rate offers some predictability even as taxable values and town costs rise. Local budget decisions can affect ownership costs, buyer calculations, and how homes are positioned in the market.