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PERCENTAGE OF TOTAL
<br />ASSESSED VALUE
<br />PROPERTY TAXES
<br />The Board of County Commissioners and
<br />other taxing entities each set a property tax
<br />rate called a "millage rate". This rate is
<br />used to calculate overall property taxes. A
<br />"mill" is equal to $1 of tax for every $1,000
<br />of assessed property value. The picture
<br />below illustrates how each dollar of the
<br />County -wide portion of the property tax
<br />bill is broken down. The County -wide
<br />portion is paid by all property owners
<br />within the County boundaries. If you
<br />own a home in Indian River County, the tax
<br />bill you pay each year funds much more
<br />than County Government. Depending on
<br />where you live, your tax bill may also
<br />include millage rates for taxes paid to cities,
<br />such as the City of Vero Beach, or a special
<br />taxing district, such as the Sebastian Inlet
<br />Taxing District.
<br />PRINCIPAL TAXPAYERS
<br />REAL PROPERTY
<br />ASSESSED VALUATION
<br />1. Florida Power & Light
<br />2. Disney Vacation Dev. Inc.
<br />3. McGuire, Allen Robert Jr.
<br />4. Windsor Properties
<br />5. Johns Island Club, Inc.
<br />6. Adult Communities Total
<br />Services, Inc.
<br />7. Bellsouth Telecommunications
<br />8. Health Care REIT, Inc.
<br />9. TSO Vero Beach, LP
<br />10. INEOS New Planet Bioenergy,
<br />LLC
<br />Principal Taxpayers' Total:
<br />$140,292,008
<br />80,101,112
<br />53, 869,142
<br />52,586,721
<br />42,540,303
<br />31,961,755
<br />29,480,482
<br />27,785,306
<br />24,201,486
<br />22,751,761
<br />505,570,076
<br />0.86%
<br />0.49%
<br />0.33%
<br />0.32%
<br />0.26%
<br />0.20%
<br />0.18%
<br />0.17%
<br />0.15%
<br />0.14%
<br />3.10%
<br />otal County Taxable Valuation:
<br />$16,276,321,779
<br />Source: Indian River County Property Appraiser
<br />Breakdown of the County -wide Portion of a Property Tax Bill
<br />Based on Taxable Value of $200,000
<br />Total Taxes: $2,960.36
<br />For illustrative purposes only. Amounts shown in the example do not include cities, unincorporated areas, or any applicable taxing districts
<br />within. Amounts shown are also net of applicable exemption amounts. *Note: The residents of the Town of Indian River Shores are not levied
<br />the Emergency Management Services District tax.
<br />IGEEMEIMEEKIMEE
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<br />THIS MOTT 19 LEGA! TINALR
<br />FOR ALL OESTS, PUBLIC AND PRIVATE
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<br />How property taxes
<br />are calculated:
<br />[Assessed Value of
<br />Property minus
<br />Exemption(s)]
<br />= 1,000
<br />x Total Millage Rate
<br />= Total Property Tax
<br />Indian River County
<br />School Board
<br />7.4100 mills:
<br />$1,482.00, 50%
<br />Indian River
<br />County
<br />3.3602 mills:
<br />$672.04, 23%
<br />Emergency
<br />Management
<br />Services District*
<br />2.3010 mills:
<br />$460.20, 15%
<br />Special Districts Land Acquisition
<br />1.4163 mills: Bond
<br />$283.26, 10%
<br />0.3143 mills:
<br />$62.86, 2%
<br />9
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