Council matches tax rate in seven minutes

VERO BEACH — In a span of seven minutes and with no public comment Tuesday, the Vero Beach City Council voted to maintain its current tax rate to support its budget.

A rate of 2.03 mils is 3.2 percent less than the rollback rate.

Because of an overall decline in property values across the city, the average homeowner should see a decrease in his or her tax bill for the city.

At a rate of 2.03 mils, a resident with a $400,000 home minus the homestead exemption would pay the city $610.

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