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Delinquent taxes on personal property bear interest of 18% per year until the tax is satisfied
<br />either by seizure and sale of the property or by the five (5) year statute of limitations. The County
<br />does not accrue its portion of the County -held certificates due to the immaterial amount.
<br />Comparative Ratios of Bonded Debt
<br />The following table shows the comparative ratios of net bonded debt to taxable assessed
<br />valuations and net per capita bonded indebtedness for the last 10 fiscal years.
<br />Ratio of Net General Bonded Debt to Taxable Value and
<br />Net Bonded Debt Per Capita
<br />Ratio of
<br />Net
<br />Bondable
<br />Debt Net
<br />Fiscal Gross General Debt Service To Bonded
<br />Year Taxable Obligation Monies Net Bonded Assessed Debt
<br />Ended Population Value Bonded Debt Available Debt Value Per Capita
<br />1995 100.261 $ 5,464,325,993 $15,000,000 $ 0 $15,000,000 0.0027 $149.61
<br />1996 102,211 5, 718, 915, 081 14, 280, 000 368,731 13, 911, 269 0.0024 136.1
<br />1997 104,605 5,940,864,817 13,535,000 661,037 12,873,963 0.0022 123.07
<br />1998 106,675 6,159,944,874 12,755,000 885,904 11,869,096 0.0019 111.26
<br />1999 109,579 6,420,215,433 11,945,000 1,072,959 10,872,041 0.0017 99.22
<br />2000 112,947 6,995,948,262 11,100,000 1,357,461 9,742,539 0.0014 86.25
<br />2001 115,716 7,440,896,735 10,125,000 1,609,998 8,605,002 0.0012 74.36
<br />2002 118,149 8,541,205,140 19,810,000 1,085,999 18,729,001 0.0022 158.48
<br />2003 120,271 9,500,891,213 17,725,000 684,016 17,040,984 0.0018 141.69
<br />2004 122,251 10,684,028,933 16,080,000 867,776 15,212,224 0.0014 124.43
<br />2005 124,212 12,179,995,659 14,385,000 1,106,353 13,278,647 0.0011 106.90
<br />Source: (1) U.S. Census and Bureau of Business and Economic Research, University
<br />of Florida
<br />(2) Indian River County Property Appraiser
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