Port St. Lucie Council approves reduction in City’s millage rate for fifth year in a row
The Port St. Lucie City Council has approved a reduction for the City’s millage rate, which is the amount of taxes paid per $1,000 of taxable property value.
At its summer retreat, the Council thoroughly reviewed the City Manager’s draft budget. They set a tentative millage rate of 5.9240 for the fiscal year that starts in October.
This is a reduction from this year’s City of Port St. Lucie total millage rate of 6.0740 mils. Council will vote on the final rates after two public hearings at 6:30 p.m. Sept. 14 and Sept. 28 at City Hall.
This is the fifth year in a row Council has approved a millage rate decrease.
When looking at a tax bill in St. Lucie County, it is important to keep in mind that the City of Port St. Lucie’s millage rate represents just one portion of it. Because of that and rising property values, the total amount paid by homeowners can vary every year.
Other local taxing authorities include, the St. Lucie County School District; St. Lucie County; St. Lucie County Fire District; and the South Florida Water Management District.