CPA & Accounting Firms in Boca Raton, Florida

Boca Raton

Often mistakenly translated as ‘Rat’s Mouth,’ there is no bigger misnomer in the name of a city. Sometimes known only as ‘Boca,’ Boca Raton is a prosperous city in Palm County, Florida. It is home to the headquarters of multiple corporations. Big companies like Office Depot and ADT can be found in Boca Raton. With various buildings sporting a Spanish and Mediterranean architectural style, Boca Raton is a cultured, versatile city on the Eastern coast of Florida.

It has a generally stable climate throughout the year, with temperatures dipping into the high 60s and peaking in the low 90s. However, the humidity can become an issue if you aren’t prepared for it.

Some of the top employers in Boca Raton are the regional hospital, Florida Atlantic University, IBM, ADT Security, and Office Depot. The unemployment rate for Boca Raton proper is lower than the national average and lower than many of its neighboring cities and towns.

For nightlife enthusiasts, Boca Raton may not be ideal. While in most cities, some restaurants and bars stay open until the early morning hours, many places close up shop around 11 at night, and not just nightclubs. Many businesses find themselves closing their doors relatively early. If you are someone who craves the nightlife scene, Boca Raton may not scratch that itch.

If you arent a nightlife person, then this shouldn’t be a problem. If you can stomach some of the higher costs that come with Boca Raton’s lifestyle, you can easily fit in with its hybrid of suburban and city life. It has its fair share of both small establishments and chain stores to add a great level of diversity to the city.

Housing in Boca Raton

The average cost of a home in Boca Raton, Florida, is ~$350,000. As of right now, it would be a profitable decision to invest in real estate in Boca Raton, as the profit potential equals that of +1.24%. The housing market will not only be stable but will increase significantly over the next decade.

Being such a hotspot for tourists, the traffic and congestion within Boca Raton may be too much for some looking to relocate. This is compounded by the lack of a reliable public transit system. They do have buses, but they are often too inconsistent in their stops to be relied upon regularly. This can be a significant issue since traffic and congestion can be extreme in some cases.

Taxes in Boca Raton

There is a 7% sales tax based on Palm County’s rate. With the average county tax rate of 1.118% in Palm County, property tax on an average home of $350,000 would be $3,913 annually. The extra in sales tax goes towards solid education and public services.

Useful Links

• Boca Raton Official Website
• Business Taxes
• Permits
• Boca Raton Housing Market
• Florida Tax Calculator
• Florida Property Tax Calculator