Palm Beach County property values make waves [South Florida]
Lee Berman of Palm Beach Gardens watched the value of his 87-slip Hypoluxo marina increase from $28.4 million to $44 million over the past year.
His property taxes soared with it, rising by more than $550,000, while his business income remained the same.
“I do see an injustice committed here,” Commission Chair Tony Masilotti said Tuesday. “Even if we roll back the (millage) rate, those properties would still double and triple in tax.”