TCPalm: Martin County property values jumped 5 percent in past year; administrator disappointed

Article Posted on May 31, 2018

By: George Andreassi, Treasure Coast Newspapers

STUART — Real estate in the new village of Indiantown has a taxable value of $2.1 billion, Martin County Property Appraiser Laurel Kelly said Thursday.

It was the first time real estate in the rural village was appraised since it incorporated in December.

Meanwhile, taxable value of real estate countywide jumped by about 5 percent in the past year to $21.8 billion.

It's Martin County's highest taxable value since 2007, when it peaked at $22.7 billion, county records show.

By law, the county property appraiser must release the preliminary tax roll by June 1.

Interim Indiantown Village Manager Teresa Lamar-Sarno said the appraisal for the village match the estimates made two years ago when residents were considering forming their own local government…

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