By Steve Plunkett
Property owners in Gulf Stream will pay the same town tax rate for fiscal year 2026 that they did in fiscal ’25, ’24 and ’23.
Town commissioners Sept. 24 approved the final rate, $3.67 per $1,000 of taxable value.
The tax rate will generate $6.99 million, up about $550,000 from the current year, Town Manager Greg Dunham said. Property values rose 8.5% to $1.9 billion.
Under the approved tax rate, the owner of a $1 million house would pay $3,672 in town property taxes in addition to county, school and other levies.
The town is entering the eighth year of its 10-year capital improvement plan, and the budget’s big-ticket item remains the road and drainage infrastructure work in the Core area.
Dunham will take $2.45 million from the general fund and $643,549 from the water fund to pay for the construction.
Gulf Stream will also borrow up to $7 million to have enough money to finish the improvement plan, pay for a water connection to Boynton Beach and keep a reserve fund of $4 million.
The town’s consulting engineers will begin drawing plans for rebuilding roads and water mains in the Place Au Soleil neighborhood on the west side of the Intracoastal Waterway.
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