PSL Leaders Approve 18% Tax Hike

tax increase

City of Port Saint Lucie Tax Increase

Port Saint Lucie taxpayers are now on the hook to help the city recover from failed investments.

City leaders approved the 18% tax raise on Monday.

Taxes will no longer be charged $5.62 charged per $1,000 of property value. Instead, residents will be charged $6.62 per $1,000 of property value. For a typical Port Saint Lucie home, valued at $100,000, the cost would go up an average of six to seven dollars a month and about $100 dollars a year.

Officials say the raise is meant to offset failed economic investments, which have cost the city millions. Those include VGTI, set to close this year, which the city paid $64 million in incentives.

The tax increase will go into effect this Thursday, which is the same day VGTI closes its doors for good.

TreasureCoast

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  • Posted 8 years ago

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