“How much of your tax bill comes from the City of Port St. Lucie?”
That is the question Port St. Lucie Mayor Gregory J. Oravec posed to a roomful of Realtors® at our Treasure Coast location last Thursday during Community 101. Community 101 is a complimentary educational breakfast that we host for our members the first Tuesday of every month in partnership with the St. Lucie County Chamber of Commerce.
Recently, the Port St. Lucie City Council unanimously voted to approve a $510 million budget which calls for the property tax rate to be lowered. The approval has spurred questions about the potential impact once tax bills are released in November.
The tax rate will decrease by 1.5% from $6.50 to $6.40 per $1,000 of assessed valuation, thanks to the City Council’s commitment to providing residents with the maximum value at the lowest possible tax rate.
During his speech, the Mayor also gave local Realtors® a few facts that they could share with their customers about the City of Port St. Lucie:
- Port St. Lucie is the 8th most populous city in the State of Florida
- Port St. Lucie is the “Safest Large City in Florida”
- St. Lucie Public Schools have seen record high graduation rates the past two years
- Indian River State College was an Aspen Award finalist, an award that recognizes community colleges for their high achievement and performance, in 2016
We greatly appreciate Mayor Oravec for coming to share the great news with our Realtor® members personally and answering our questions.
So, what percentage of your tax bill comes from the City of Port St. Lucie? The Mayor wants you to know that it’s only 25%.