Martin County Property Tax Rate Increases to $7.58 per $1,000

After a 12 hour meeting, the Martin County Commission gave initial approval to a $348.5 million budget. The property tax rate increases by about 5% to $7.58 per $1,000 of assessed value.

The problems facing all local governments are falling property values and a faltering economy. Combine that with increased costs for public services and compensation plans for police and fire that are out of control.