SL taxable property values increase 6.5 percent
Taxable property values in St. Lucie County increased 6.5 percent to an estimated $23.4 billion, according to Property Appraiser Michelle Franklin’s estimated taxable property values submitted to taxing authorities. The values are required to be submitted by June 1 annually under Florida law. The City of Port Saint Lucie will see an increase in its overall taxable value to an estimated $11.7 billion, an increase of 9.5 percent. The City of Fort Pierce will also see an increase in its overall taxable value to an estimated $2.6 billion, an increase of 5 percent. The Town of Saint Lucie Village will see an overall taxable value increase of 4.25 percent to an estimated $70.6 million. “During this unprecedented time, I wanted to recognize that the 2020 estimated taxable values reflect the value of property with an assessment date of January 1, 2020,’’ said Franklin. “What is currently occurring in the real estate market will not be reflected in the 2020 estimated taxable values since it occurred after January 1 of this year.’’ For more information call 772.462.1000 or visit paslc.org.