Taxes & Insurance in Boynton Beach
Boynton Beach homeowners pay no state income tax, but property taxes run through Palm Beach County's countywide millage system, and Boynton Beach specifically carries meaningfully higher-than-state-average homeowners insurance costs on top of that.
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Learn moreNo State Income Tax, County-Set Millage
Florida levies no state personal income tax, applying uniformly in Boynton Beach as anywhere else in the state. Palm Beach County's 2025 total millage runs about 18.72 mills (with roughly 6.50 mills of that funding schools), producing a countywide average effective property-tax rate around 1.02% of assessed value -- though a broader measure cited elsewhere puts average effective rates closer to 1.9%, a real disagreement between methodologies. Because 39 municipalities each set their own local millage on top of the county and school-district rates, actual combined effective rates range from about 1.5% (Town of Palm Beach) to over 2.2% (Riviera Beach) depending on location -- confirm a specific Boynton Beach parcel's combined rate through the Palm Beach County Property Appraiser directly.
Homestead Exemption and Save Our Homes
Florida's 2026 homestead exemption can reduce a primary residence's taxable assessed value by up to $51,411, and the Save Our Homes cap limits annual assessed-value increases to 3% (or CPI, if lower) once homesteaded -- with portability of up to $500,000 in accumulated savings when moving to a new Florida homestead. A pending, not-yet-enacted statewide ballot measure (Amendment 3, November 2026) would raise the non-school homestead exemption further in 2027 and 2028 if voters approve it.
Homeowners Insurance Runs Well Above the Florida Average
Boynton Beach's average annual homeowners insurance premium is cited at about $3,830 -- roughly 25% above Florida's own already-elevated statewide average, per Clovered's city-level insurance data. That sits on top of a broader, well-documented statewide pattern of rising property-insurance costs following repeated active hurricane seasons and insurer exits from the Florida market.
Flood Insurance and the Citizens Mandate
Flood insurance policies in Boynton Beach average around $700/year, somewhat below the statewide NFIP average of roughly $938/year, though South Florida coastal communities generally carry some of the state's steepest flood premiums due to elevation and repetitive-loss history. Separately, Florida's Citizens Property Insurance now requires flood coverage on policies with $400,000+ in Coverage A (dwelling) value starting January 1, 2026, expanding to all Citizens policies by January 1, 2027, regardless of FEMA flood-zone designation -- a real, binding change for many Citizens policyholders here given the city's roughly $411K-$425K median sale price.
Key takeaways
- Florida has no state income tax; Palm Beach County's 2025 total millage runs about 18.72 mills with a roughly 1.02% average effective rate countywide (a broader measure cites ~1.9%) -- combined rates vary 1.5%-2.2%+ by municipality, so confirm a specific Boynton Beach parcel with the Property Appraiser.
- The 2026 homestead exemption cuts taxable assessed value by up to $51,411, with a 3%-or-CPI Save Our Homes cap and up to $500,000 in portability.
- Boynton Beach's average homeowners insurance premium (~$3,830/year) runs about 25% above Florida's statewide average, per Clovered.
- Flood insurance here averages about $700/year (below the ~$938/year statewide NFIP average), but the new Citizens Property Insurance flood-coverage mandate (binding on $400,000+ Coverage-A policies from 2026, all Citizens policies by 2027) is a real cost factor given the city's median sale price.
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