PORT ST. LUCIE — City property owners may be able to avoid a proposed 26 percent increase in their property taxes.

During a special meeting Wednesday, the City Council unanimously agreed to use half of the city’s general fund reserves to keep the property tax rate at its current rate of $4.22 per $1,000 of taxable value. The council will formally vote on setting the property tax rate during scheduled 7 p.m. public hearings Sept. 14 and Sept. 28 at City Hall.

Using the city’s median home price of $112,000 with a $50,000 homestead exemption, an average city property tax bill using the current rate would be $261, excluding taxes from other agencies, such as the school and fire districts.
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MARTIN COUNTY — Defending themselves from election violation accusations, business struggles, market declines and a growing reliance upon credit cards were in part responsible for four of the five county commissioners reporting decreases in net worth over the past year.

The exception was Commissioner Sarah Heard. She shaved nearly $20,000 off her mortgage and reported increases in the value of her Rocky Point home and land she owns in Dixie County and a retirement account. She reported her income grew by more than $40,000 to $707,678. (more…)

ST. LUCIE COUNTY — Four of the five commissioners who oversee the county’s $587 million budget suffered personal declines in their net worth last year.

Commission Chairwoman Paula Lewis, on the board since 1996, was the only one to record an increase, growing nearly $20,000, even as her home dipped in value by $10,000 and liabilities grew by $3,000.

The largest drop was recorded by Commissioner Chris Dzadovsky, who was elected to the board in 2008. He saw his net worth down nearly $200,000 from the prior year, with real estate being the biggest reason. His two residential properties in Fort Pierce lost a combined $185,063 in value from 2007 to 2008. (more…)