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Property values stable in Palm Beach County, but bills leave tax revenue uncertain
January 18, 2012
Palm Beach Post

Palm Beach County Property Appraiser Gary Nikolits is warning the countywide tax base could drop by as much as 2 percent if a proposal to use foreclosures and short sales to assign property values wins approval from state lawmakers.

Early estimates show that the "best case scenario" would hold the countywide taxable value of property flat from the start of 2011 to the start of 2012, Nikolits said Wednesday.

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