One of the densest billionaire populations in America, and the least interested in telling you. Wall Street moved south and brought the estate planners. West Palm Beach across the bridge is where the funds put the offices.
A person earning $1,000,000 and resident in Palm Beach, United States, pays an effective 32% of income tax on the Patrician.ch 2026 model, keeping $680K. Of that, $320,000 is federal income tax, the same in every state, and Florida adds nothing, since it has no state income tax. At $300,000 the effective rate is 23%, and at $3,000,000 it is 35%.
Capital gains on a disposal by a resident individual are taxed at 24% in total in Palm Beach, so a $5,000,000 liquidity event realized after residence begins carries roughly $1.2M, all of it federal, since Florida taxes no capital gains.
Inheritance: no Florida estate or inheritance tax. The US taxes an estate at 40% above $15M per person in 2026. A US citizen spouse inherits free.
A US citizen or green card holder needs no visa to move to Palm Beach from another state. For a buyer from abroad, the realistic route in is Residence by investment, Founder & talent.
Cost of the life is 110 on the Patrician.ch index where Zurich is 100, safety 8 of 10, schools 7 of 10. These 3 are Patrician.ch editorial indices scored by us, not published statistics.
Figures are current to October 2026. Tax thresholds and residence routes move, so confirm with counsel before relying on any of them.
Official sources: Palm Beach County Property Appraiser, Martin County Property Appraiser, US Internal Revenue Service. Checked against them on .
Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Palm Beach (Florida) tax and residence 2026 for a high earner, patrician.ch/cities/palm-beach/, October 2026.
Prestige of address10/10Patrician.ch editorial index
A 200 m² luxury home$8.1MUS$1M buys 25 m². Elliman Report
Sun hours a year3,150Capital friendly
United States net millionaire flow, 2025 forecast+7,500Henley forecast, country level
Tax on your bracket.
Income
Tax
Effective
Kept after tax
$300K
$68K
23%
$232K
$1M
$320K
32%
$680K
$3M
$1.1M
35%
$1.9M
See these 2 places for your own income.Palm Beach and Bal Harbour, side by side on your income, passports and family. Free, in the ranking of all 100. Then the Dossier: a written report in 10 chapters on the 3 places that rank first for you. The Dossier is $500. The founding price, $250, holds until 31 October.
Note: single filer, federal and state together. Palm Beach ranks 1 of 17 here, level with 7 others
Source: Patrician.ch 2026 tax model, built on official tax authority rates
Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Single filer resident in the US, federal and state together. Enter your own income, exit, passports, and family to see where Palm Beach ranks for you.
Where inside Palm Beach.
In Palm Beach and Martin counties each town and city levies its own millage on top of the county and school district, so the choice of quarter is a choice of property tax bill. On a home valued at $5,000,000, Palm Beach island, South End (Town of Palm Beach) pays $6,038 a year less than Jupiter Island (Town of Jupiter Island, Martin County), 7.5% of the bill.
Quarter
Billed by
Rate 2026
Yearly tax on $5,000,000
Palm Beach island, South End
Town of Palm Beach
14.823 mills
$74,115
Ocean Boulevard
Town of Palm Beach
14.823 mills
$74,115
Jupiter Island
Town of Jupiter Island, Martin County
16.0305 mills
$80,153
Millage is the total of every authority on the bill. First-year bill on a home the county values at $5M, before the homestead exemption. After that the assessment rises at most 10% a year, 3% on a homestead. Source: Palm Beach County Property Appraiser, 2026 final millage rates (Town of Palm Beach 2.6110 plus county, school, water management, FIND, Children's Services and Health Care District; the town sits outside the county fire rescue and library districts); Martin County Property Appraiser, 2026 final millage codes, levy code 4300. Federal and state income tax are the same at every address in Palm Beach, so property tax is what the quarter changes.
Official sources: Palm Beach County Property Appraiser, Martin County Property Appraiser. Checked against them on .
Buying property in Palm Beach.
The published rules a buyer from abroad reads first, each from its official source.
Foreign buyers10 milesthe limit for 7 named countries
Deed tax$0.70per $100 of the price
Annual property tax1.48% to 1.60%of taxable value a year, 2026
Foreign buyers. Florida law bars a foreign principal of the 7 countries it names as of concern from owning property within 10 miles of a military installation or a critical infrastructure facility.
Annual property tax. 1.48% to 1.60% of the taxable value a year. The 2026 millage of the 3 quarters in the table above runs from 14.823 mills in the Town of Palm Beach to 16.0305 mills in the Town of Jupiter Island, Martin County, every authority on the bill together.
Published rules only, as each source states them on the day it was checked. Patrician.ch lists no property and takes no part in any sale. Not tax, legal or financial advice.
The capital whose yearly withdrawal, at 4%, pays for a year here after Palm Beach's tax on the gain part of each sale: 23.8% on a resident's listed securities, with half of each sale counted as gain.
E-2 treaty investor for treaty nationals, L-1, O-1, or EB-5 from $800K. No state income tax, no state estate tax in Florida.
Residence by investmentFounder & talent
United States has a Henley 2026 Wealth Mobility score of 62.3 out of 100, a country level figure. The passport ladder on the engine compares 66 passports.
The life
An ordinary day in Palm Beach.
🇺🇸 Florida, United StatesPalm Beach
Lake TrailWalk the Intracoastal side before the heat. Half the hedge funds you know are on the same path.
Royal PoincianaThe family office took the old bank building. Marble, brass, and a doorman who knows every name.
Worth AvenueLunch off the avenue. The tan is a status marker and everyone has one.
The islandHome. A gala on Thursday, a boat on Saturday, and a flight to New York only when you have to.
Flight times.
From
Flight
Routing
New York
3h 05m
Nonstop to Palm Beach
London
10h
Nonstop to Miami
Zurich
10h 40m
Nonstop to Miami
Dubai
15h 55m
Nonstop to Miami
Singapore
21h 55m
1 stop to Palm Beach
Tel Aviv
13h 15m
Nonstop to Miami
Scheduled gate to gate times on the fastest routing, with 1h 30m allowed for each connection. Airline schedules read October 17, 2026.
Healthcare
Care within reach.
Nearest emergency department2 kmGood Samaritan Medical Center
Best ranked within reachWorld #246Cleveland Clinic Weston Hospital, 77 km
Life expectancy, United States78.9years at birth, 2024
Doctors per 1,000 people3.7United States, 2022
Hospital beds per 1,0002.7United States, 2022
Health spending per person$13,473US dollars a year, 2023
Care coverage index88WHO, out of 100, 2023
Cleveland Clinic Weston (world #246) is 77 km southwest. Jupiter Medical Center is US #385. Emergency room at Good Samaritan Medical Center in West Palm Beach, 2 km from the reference point.
Hospital ranks from Newsweek and Statista, World's Best Hospitals 2026. Accreditation from the Joint Commission International directory. Distances in a straight line from Palm Beach, from OpenStreetMap. Country figures from the World Bank and the WHO, the latest year each publishes. Checked 23.10.2026. Research, not medical advice.
How much income tax does a $1M earner pay in Palm Beach?
About $320K a year, an effective 32%, which leaves $680K of $1,000,000 on Patrician.ch's 2026 model.
At $300K the effective rate is 23%, and at $3M it is 35%. Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled.
Does Palm Beach tax capital gains?
Not at state level: Florida taxes no capital gains. Federal tax still applies, as in every state, about 24% on a capital gain, about $238K on a $1,000,000 gain.
The rate is modeled on a $1,000,000 gain on listed securities after the common exemptions. Holding periods and exemptions can lower it.
Does Palm Beach have a wealth tax?
No. United States levies no general annual wealth tax on a resident's net worth.
Does Palm Beach have an inheritance tax?
Not at state level: Florida has no estate or inheritance tax. The US taxes an estate at 40% above $15M per person in 2026. A US citizen spouse inherits free.
What a child pays: 40% above $15M. Source: IRS, One Big Beautiful Bill Act, current to October 2026. The heir's own residence and the location of the assets can bring another country's tax into play.
How does a foreigner get residence in Palm Beach?
E-2 treaty investor for treaty nationals, L-1, O-1, or EB-5 from $800K.
No state income tax, no state estate tax in Florida. Routes that matter for money: Residence by investment, Founder & talent.
What is the property tax on a $5M home in Palm Beach?
Between $74,115 a year in Palm Beach island, South End and $80,153 in Jupiter Island, on a home valued at $5,000,000, at the 2026 rates.
Millage is the total of every authority on the bill. First-year bill on a home the county values at $5M, before the homestead exemption. After that the assessment rises at most 10% a year, 3% on a homestead.
Where inside Palm Beach is property tax lowest?
In Palm Beach island, South End, billed by Town of Palm Beach at 14.823 mills for 2026, against 16.0305 mills in Jupiter Island: $6,038 a year less on a home valued at $5,000,000.
Source: Palm Beach County Property Appraiser, 2026 final millage rates (Town of Palm Beach 2.6110 plus county, school, water management, FIND, Children's Services and Health Care District; the town sits outside the county fire rescue and library districts); Martin County Property Appraiser, 2026 final millage codes, levy code 4300.
Can a foreigner buy a home in Palm Beach?
Florida law bars a foreign principal of the 7 countries it names as of concern from owning property within 10 miles of a military installation or a critical infrastructure facility.
Source: Florida Statutes 2026, sections 692.201 and 692.203, checked 22 October 2026.
What is the cost of living in Palm Beach?
Palm Beach scores 110 on the Patrician.ch cost index, where Zurich is 100, and ranks 26 of 100 on cost, 1 being the most expensive.
Safety scores 8 of 10 and schools 7 of 10, with 3,150 sun hours a year. Cost, safety and schools are Patrician.ch editorial indices, not published statistics. United States as a whole was forecast a net inflow of 7,500 millionaires for 2025 (Henley, country level).
The Dossier on Palm Beach, on your numbers.A written report on the 3 places that rank first for you, compared line by line on your income, a sale, your passports and your family. 10 chapters, written the moment you pay. Every tax figure carries its official source and the date it was last checked. The Dossier is $500. The founding price, $250, holds until 31 October. Refunded in full within 7 days of delivery, no reason needed.
The income tax of Palm Beach, Bal Harbour, Miami and Coral Gables, side by side on 2026 rates. Your readers type their own salary and the places reorder. Free on any site, with the credit line under it.
<iframe src="https://patrician.ch/embed/compare/?c=pbi,bhb,mia,cgb&inc=1000000" title="Income tax in Palm Beach, Bal Harbour, Miami and Coral Gables, Patrician.ch" width="100%" height="1070" style="border:0;max-width:760px;display:block;color-scheme:normal" loading="lazy"></iframe>
<p style="margin:6px 0 0;font-size:.875em;line-height:1.4">Research by <a href="https://patrician.ch/cities/palm-beach/">Patrician.ch</a></p>
Sent when it earns the send, not on a schedule. Never shared, one tap to stop.
Check your inbox. The subscription starts when you tap confirm, not before.
Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures for Palm Beach are for a single filer resident in the US, federal and state together. Comparisons with places abroad are for a non-US filer. Not advice. Verify before acting.
This research on your firm's site, as Patrician AI under your name.
It answers each visitor with the figures for their own income, passports and family, then offers your next step. Each inquiry reaches your inbox with a short brief.
Software for advisory firms. Patrician.ch refers no reader to a firm and shares nothing you enter here.
