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Cost to the Average Homeowner to Support the Children's Trust <br />The average single-family home in Indian River County was assessed at $246,791 <br />in 2018, according to the Florida Housing Data Clearinghouse. Assuming the <br />standard $50,000 homestead exemption, the taxable value would be $196,791. <br />Cost to the average homeowner based on various millage: <br />1/4 mil (0.25) = $49.20 annually <br />1/3 mil (0.33) = $64.94 annually <br />2/5 mil (0.40) = $78.72 annually <br />A home valued at $175,000 with the homestead exemption would have a taxable <br />value of $125,000. The cost would be: <br />1/4 mil (0.25) = $31.25 annually <br />1/3 mil (0.33) = $41.25 annually <br />2/5 mil (0.40) = $50.00 annually <br />A home valued at $150,000 with the homestead exemption would have a taxable <br />value of $100,000. The cost would be: <br />1/4 mil (0.25) = $25.00 annually <br />1/3 mil (0.33) = $33.00 annually <br />2/5 mil (0.40) = $40.00 annually <br />11 <br />