Bright Spots in the Budget

Another year, another City budget! You’ll want to make note of this year’s highlights. Below are the key areas City Council approved for the fiscal year (October 1, 2025 – September 30, 2026). Palm Beach Gardens continues to stand out with the lowest total tax rate of any north county municipality!

Property Values: A Bright Rise

•FY 2026 Property Values: $21.7 Billion

•Overall Increase: 9.64% over last year

•New Construction: $595 million

Millage Rate: Highlighting Stability

•Total Millage Rate: 5.0537 *no change from last year

•Debt Rate: $0 *no change from last year

How much of my tax goes to the city?

About 28 cents of every $1 in total property taxes paid goes to the City.

Other taxing authorities collect about 72 cents of every $1 (PB County, School Board, Health Care District, other special taxing districts).

Total City Budget: $300,284,097

Long Term Highlights

10-Year Financial Forecast

•Operating millage remains flat at 5.0537 through FY 2035.

•No debt service millage.

•Reserves balance will stay at 20% of expenditures every year, exceeding the Council’s policy minimum of 17%.

•Budget stabilization reserves: projected at $841K in FY 2035.