What it really costs to own
Pick a building and a residence. Taxes, dues and insurance are calculated from that tower’s own address, flood zone and published figures.
Estimated cost to own Alba Palm Beach
$8,827a month
$105,925 a year
- Property tax
- $4,941/mo
- 20.45 mills, West Palm Beach 2025 stack
- Association dues
- $3,579/mo
- About $2.05 per sq ft a month, derived from 2026 listings
- Condo insurance (HO-6)
- $266/mo
- Interior and liability, planning figure
- Flood insurance
- $41/mo
- FEMA shaded Zone X, with the city's 25% discount
Planning estimates, not quotes. Tax uses 2025 millage from the Palm Beach County and Broward County Property Appraisers on a value equal to price; insurance figures are typical ranges for new construction; dues reflect broker or listing evidence until developers publish budgets.
Questions
Carrying cost questions
What are property taxes on a new condo in West Palm Beach?
The 2025 stacked rate on a West Palm Beach parcel is 20.4468 mills, about 2.04 percent of taxable value, and downtown parcels add the Downtown Development Authority levy of 0.97 mills. In the Town of Palm Beach the stack is 14.869 mills. In Broward the 2025 rate is 18.4464 mills on Fort Lauderdale Beach, 19.4143 downtown, 20.3823 in Pompano Beach, 17.7215 in Hillsboro Beach, 20.8985 in Hollywood and 20.6717 in Hallandale Beach. A Florida homestead reduces taxable value and caps future increases at 3 percent a year.
Do I need flood insurance on a high floor?
If you finance and the building sits in FEMA Zone AE, as every Flagler Drive tower does, the lender will require it. Even when not required, a modest HO-6 flood policy protects your share of ground-floor and assessment exposure. West Palm Beach's Community Rating System Class 5 cuts NFIP premiums by 25 percent.