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Board of County Commissioners Meeting Minutes - Final July 10, 2024 <br />3.5475 for the sixth straight year, and a valuation increase to $29.3 million. <br />Commissioner Loar entered into discussion with Administration Titkanich <br />regarding OPEB's (Other Post -Employment Benefits) ongoing maintenance <br />costs which were fully -funded by the County. <br />Ad valorem revenue was estimated to be $189 million. The millage rate <br />remained unchanged at 3.5475, which was the lowest among comparable <br />counties. The approved land acquisition bond added .0639 for a subtotal of <br />3.6114. Municipal Service Taxing Unit (MSTU) and Emergency Services <br />District rates remained unchanged producing an aggregate millage rate of <br />6.118. <br />He concluded his presentation showing the impact of the tax increases on a <br />typical homeowner in the unincorporated area of the County. <br />5. GENERAL FUND <br />Indian River County Florida Page 2 <br />