St. Johns County might quickly reap advantages of upper dwelling values

ST. JOHNS COUNTY, Fla. – St. Johns County owners might see greater property tax payments due to sky-high dwelling values.

Commissioners are holding the primary of two public conferences Tuesday night time to have a look at the county’s proposed funds.

The excessive demand for houses in St. Johns County has despatched dwelling values by way of the roof, so the typical house is price considerably greater than it was two or three years in the past.

RELATED: St. Johns County unveils $1.2B budget proposal as home values skyrocket 17.8%

However on the flip facet, it additionally means in case you personal a home, your tax invoice will seemingly go up.

However earlier than something goes into impact, the proposed charges should clear Tuesday’s listening to and one other one two weeks from now.

St. Johns County desires to maintain the property tax charges the identical or decrease than this present fiscal 12 months.

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However the director of the Workplace of Administration and Finances expects a 17.8% taxable value growth increase for the fiscal year.

Due to that, property tax payments are anticipated to extend.

Earlier than you panic, that does NOT imply owners will see their taxes go up by 17%.

The Save our Properties provision makes it so homesteaded properties are capped at a most improve of three%, however even with FLAT millage charges, owners might even see a property tax improve at or round 3% due to elevated dwelling values.

Property taxes will fund a part of the county’s really useful funds, which is over $1.26 billion.

Right here’s a better have a look at the funds:

• $35 million for highway tasks, together with many within the fast-growing space alongside County Highway 210

• $110.8 million for a wastewater remedy plant close to Hastings

• $5 million for a Sheriff’s Workplace service facility

• $3 million to broaden waterway entry

Tuesday’s public listening to is scheduled to start at 5:01 p.m. The following public listening to on the funds is Sept. 20.