The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values. Real Estate Tax Rate The average effective real estate tax rate is based on the median real estate taxes paid in the neighborhood, as a percentage of the median home value in the neighborhood.
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The largest increase was seen in Port St. Lucie, where property values increased by 10.25 percent, according to the preliminary estimate. "The jump in our community’s assessed valuation is very encouraging and an important indication that we’re moving in the right direction as we continue recovering from the Great Recession," Port St. Lucie Mayor Greg Oravec said Tuesday.
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