Census tract 80.02, Palm Beach County, FL: 2027 Opportunity Zone

Yes. Census tract 80.02 in Palm Beach County, Florida (GEOID 12099008002, QOZ ID R12099008002-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036. Treasury classifies it as made up entirely of a rural area.

Population

3,896

Median family income

$67,301

Poverty rate

21.3%

Unemployment

0.0%

Median home value

$135,300

American Community Survey 2020 to 2024 5-year estimates (U.S. Census Bureau).

Why it qualified

Treasury's data shows it qualified on a poverty rate of at least 20% (poverty 21.3%, income at 75% of the area median). See how a tract qualifies.

Its poverty rate ranks 11 of 15 among the designated tracts in Palm Beach County.

Was it a 2018 zone?

About 100% of this tract's land lay in a 2018 Opportunity Zone: 12099008002 (100%). Those designations end December 31, 2028. For 2027 and 2028 the two maps run side by side, and which one matters depends on when the investment is made.

What applies here

A gain invested in a Qualified Opportunity Fund after December 31, 2026 is deferred for up to five years. Held five years, basis rises by 30% if the investment is in a qualified rural opportunity fund, otherwise 10%. Held at least ten years, the investor can elect to exclude appreciation, measured no later than year 30. Because this is a rural zone, an existing building can meet the substantial improvement test with additions above 50% of its basis instead of 100%. See the OZ 2.0 rules and rural zones.

Other designated tracts in Palm Beach County

• Tract 12099001402
• Tract 12099001500
• Tract 12099001600
• Tract 12099002400
• Tract 12099003802
• Tract 12099004007
• Tract 12099004009
• Tract 12099004500
• Tract 12099004819
• Tract 12099005203
• Tract 12099005204
• Tract 12099006100

See all Palm Beach County Opportunity Zones, open the tract map, or check an exact address with the lookup. Tract lines follow the 2020 census. Source: CDFI Fund designated tract list.