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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 />1. Florida Power & Light
<br />$322,689,816
<br />1.65%
<br />2. Disney Vacation Dev. Inc.
<br />76,331,184
<br />0.39%
<br />3. Johns Island Club, Inc.
<br />43,816,262
<br />0.22%
<br />4. Windsor Properties
<br />42,402,417
<br />0.22%
<br />5. Adult Communities Total
<br />30,521,361
<br />0.16%
<br />Services, Inc.
<br />6. Welltower TCG Ridea Landlord,
<br />28,766,676
<br />0.15%
<br />LLC
<br />7. BellSouth Telecommunications
<br />24,475,001
<br />0.13%
<br />8. MPT of Sebastian -Steward, LLC
<br />22,969,142
<br />0.12%
<br />9. TSO Vero Beach, LP
<br />22,871,107
<br />0.12%
<br />10. DSTS, LLC
<br />21,739,106
<br />0.11%
<br />Principal Taxpayers' Total:
<br />636,582,072
<br />3.27%
<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: $2,812.96
<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.
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<br />Indian River County
<br />School Board
<br />6.5690 mills:
<br />$1313.8, 47%
<br />Indian River
<br />County
<br />3.5475 mills:
<br />$709.50, 25%
<br />Emergency
<br />Management
<br />Services District*
<br />2.3655 mills:
<br />$473.10,17%
<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 />)istricts Land Acquisition
<br />1.326 mills: Bond
<br />$265.20,9% 0.2568 mills:
<br />$51.36,2%
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