Home Classifieds Work For Us Rack Locations Order Photos Contact Us Advertising Info Featured Advertisers

Click here to read
the latest issue

Browse Sections:

News
Forever Young
Classifieds
Community
Advertisers
Election
Rants & Raves
Sports
Crime Report
Opinion
Calendar of Events
Entertainment
Dining Guide
Special Section Publications
Business & Finance
Business Columns
Star Scopes
Computer/Technology
Cooking/Food
Counseling/Advice
Family Issues
Fishing
Gardening
Travel
Golf
Pets
Religion
Columnist Archives
Crossword Puzzle
Jail Court Live Web Cams

Weather Cams:

Now browsing: Hometown News > News > Indian River County

Vero Beach tax rate to remain the same or lower
Rating: 2.83 / 5 (24 votes)  
Posted: 2013 Jul 26 - 06:44

Final votes on tax rate and budget coming in September

By Jessica Tuggle

jtuggle@hometownnewsol.com

VERO BEACH -- Whether property owners will pay more or less on next year's tax bill is still up in the air.

Earlier this month, the Vero Beach City Council approved a tentative tax rate of approximately $2.03 per $1,000 of taxable property value for the 2013-14 year, which is the same rate that was used for this year, but because property values are being estimated to be slightly higher next year, some residents could see a higher tax bill.

The actual value of the rate is $2.0336 per $1,000 of taxable value.

Some council members said they would support a lower "rollback rate," of about $2.01 per $1,000 of taxable value in a final vote to be held in September.

A rollback rate is a rate determined to bring in the same amount of revenue as the previous year.

According to a report from the county property appraiser, the city should see an uptick in property values of about 1.7 percent, so the current approved rate of $2.03 per $1,000 of taxable value would actually bring in slightly more revenue than last year.

Using the tentatively approved rate, a homeowner with a house with a taxable value of $150,000 would pay $305.40 to the city in taxes, whereas the same homeowner would pay $302.13 at the lower rate.

Councilmen Jay Kramer and Dick Winger expressed concern that the tax rate would stay the same, but the services provided by the city would be decreased.

For more information about Vero Beach departmental budgets, visit www.covb.org.




Comments powered by Disqus
Can't see the comments?
Read more News stories from the Indian River County community newspaper...

Make this site your Homepage e-mail us

Legal Notices




Join our Mailing List:


Crossword Puzzle:

Archives Calendar:

« Apr, 2014 »
SunMonTueWedThuFriSat
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30

Search Stories:




.