Palm Beach County's record market value: More than a half-trillion dollars

So what’s Palm Beach County worth? Just north of a half-trillion dollars, or $514.1 billion, about 10% more than last year.

Palm Beach County Property Appraiser Dorothy Jacks released new data recently that measures “just value” or the fair market value of all property, including those not subject to real estate taxes such as government buildings, places of worship and nonprofits.

Market value is what appraisers believe a property would sell for in the open market. Homestead exemptions, which can significantly reduce the taxable value of a property, are also not factored into market value.