Boca Raton & Delray Beach Carrying Cost Calculator
Mortgage, property taxes, insurance and upkeep, monthly. Florida resets the assessment the January after a sale, so the estimate applies Palm Beach County millage to the new value, with or without the homestead exemption. Insurance is the number to replace first.
| Mortgage (principal + interest) | $13,971 |
| Property taxes (estimate) | $3,630 |
| Insurance | $527 |
| Upkeep and grounds | $2,275 |
| Utilities | not entered |
True economic cost adds what the down payment and closing cash could earn (4.5%) and spreads closing and resale costs over a 7-year hold, less principal paid down. Buyer closing costs ($28,606) come from the Boca Raton & Delray Beach closing-cost calculator.
$43,557 a year, likely $37,089–$50,025. Includes $439 in flat charges.
2026 final millage for PBC tax authority codes 06154/06155 (16.9090 mills) applied to 85% of price as taxable value with no exemptions, plus the per-unit non-ad valorem charges that appear on Boca Raton tax bills (city fire assessment and SWA disposal assessment).
Florida resets the assessment the January after a sale. Assumed just value: $2,550,000 (85% of price, the county’s cost-of-sale adjustment). The year you buy, you pay the seller’s bill, prorated at closing; this is the following year’s bill.
- The year you buy, the bill is the seller's, prorated at closing; the reset bill based on your price arrives the following November.
- This is a non-homestead estimate. With homestead, the $25,000 exemption comes off every levy and up to $26,411 more comes off non-school levies; the Save Our Homes cap then limits yearly assessment growth (see pbcpao.gov/assessment-caps.htm).
- Non-homestead assessments can rise up to 10% a year on non-school levies; school levies follow full market value every year.
- A small set of Boca Raton parcels (tax authority code 06625, 267 parcels) sit outside the Greater Boca Raton Beach & Park District and total 15.8759 mills.
- City trash collection, water, sewer and stormwater are billed on the city utility bill, not the tax bill, and are not included.
- Some parcels carry extra non-ad valorem charges (drainage districts, special assessments). Check the parcel on pbcpao.gov before relying on the flat figure.
- Pending: Amendment 3 (statewide ballot, November 3, 2026). If approved by 60% of voters: non-school homestead exemption rises to $150,000 in 2027 and $250,000 in 2028, indexed from 2029; annual assessment cap on non-homestead property drops from 10% to 5%; Legislature directed to set a schedule for eliminating non-school homestead taxes. School levies unaffected. Reported 5-year wait for the larger exemption for people not Florida residents by December 31, 2026. Not modeled in this file.
- Pending: Amendment 3 parcel calculator (PBC Property Appraiser). Official county tool to estimate Amendment 3's effect on a specific homestead parcel.
- Pending: Palm Beach County School District 1-mill renewal referendum (November 3, 2026). Renews the existing 1.0000-mill additional operating levy (part of the 3.2480 School Board - Local rate) for July 1, 2027 through June 30, 2031. Passing keeps school mills unchanged; failing would remove 1.0000 mill from the school levy starting with the 2027 tax year (school total 6.2870 to about 5.2870).
Sources and rates (checked 2026-10-12)
- Palm Beach County operating: 4.5 mills (2026 final) · source
- Palm Beach County debt service: 0.021 mills (2026 final) · source
- School Board - State (required local effort): 3.039 mills (2026 final) · source
- School Board - Local: 3.248 mills (2026 final) · source
- City of Boca Raton operating: 3.6476 mills (2026 final) · source
- City of Boca Raton debt service: 0.0163 mills (2026 final) · source
- Greater Boca Raton Beach & Park District: 1.0331 mills (2026 final) · source
- Health Care District: 0.6561 mills (2026 final) · source
- Children's Services Council: 0.4908 mills (2026 final) · source
- SFWMD - District: 0.0948 mills (2026 final) · source
- SFWMD - Okeechobee Basin: 0.1026 mills (2026 final) · source
- SFWMD - Everglades Construction: 0.0327 mills (2026 final) · source
- Florida Inland Navigation District (F.I.N.D.): 0.027 mills (2026 final) · source
- Total, tax authority codes 06154/06155 (PAO published total 16.909): 16.909 mills (2026) · source
- Boca Raton Fire Operations assessment, per residential unit (single-family and condo): 224 USD/yr (FY2026-27 (proposed rate; same $224 shown on 2026 preliminary parcel tax details)) · source
- SWA residential disposal assessment, single-family: 215 USD/yr (FY2026-27 adopted) · source
- SWA residential disposal assessment, multi-family per unit (condo): 121 USD/yr (FY2026-27 adopted) · source
Weighing a move from an NYC apartment?
Send the town and your price range. We’ll set the monthly cost here against what you carry in the city today, and how the sale and purchase fit together.
The Roebling Team at Compass executes transactions directly in Manhattan. For Boca Raton & Delray Beach buyers and sellers, we collaborate with Compass agents in Boca Raton & Delray Beach via referral — clients work with the best on-the-ground representation while keeping the analytical framework consistent across markets. This calculator is an informational research tool, not solicitation of representation.
For trans-market clients (Manhattan + Boca Raton & Delray Beach portfolios) or to discuss your specific transaction, schedule a consultation. Where appropriate, we’ll introduce you to a vetted Compass agent in the local market.