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First Coast

Home prices are way up, but tax bills hold steady

The total millage rate levied by the handful of government entities that collect property taxes in Duval County is actually going down.

Even in this red-hot real estate market, homeowners protected by the Save Our Homes exemption can expect the bottom line of their tax statements to show little change this year in Duval County when they get their bills in November.

The total millage rate levied by the handful of government entities that collect property taxes in Duval County is actually going down because the Duval County school district once again shaved its property tax rate in a trend that has become almost routine.

At the same time, the Save Our Homes law will limit how much assessed values for homestead properties can go up by capping it at a maximum 1.4 percent increase.

Read the rest of the story at WJCT News partner The Florida Times-Union,