Governance In Indian River County
Indian River Shores is a small section on the northern portion of the barrier island. It has a mayor-council form of government. The town office located at 6001 North A1A., Indian River Shores, FL 32963 (772) 231-1771.
The City of Vero Beach also has a mayor-council government. Daily operations are the responsibility of the City Manager, a full time city employee with offices at City Hall on 20th St.
Indian River County is governed by a County Commission and managed by a full time County Administrator.
Florida Taxes
Florida has several types of taxes which are briefly described below.
Ad Valorem Taxes – Real Estate Taxes
The real estate tax is a combination of city, county and school taxes and is based on 100 percent of the appraised value of a property, either business or residential. It will vary according to location, type of construction, and if residential property is entitled to Homestead, Widow's or Disability Exemptions. It includes land, building, fixtures, and improvements to the land. Florida property taxes are relatively unique because they are levied annually; taxes on each parcel of real property have to be paid in full and at one time (except for the installment method and homestead tax deferrals); substantial discounts are extended for early payment; five months elapse before real property owners can be penelized for non-payment of taxes.
- The tax year runs from January 1 to December 31 and are due and payable November 1 of each year.
- Homeowners who are permanent residents and who own and reside on the property as of January 1 of the tax year may claim a $25,000 exemption on the assessed value of their property. (see section under Homestead Exemption for more information)
For specific property information, visit the Indian River County Property Appraiser's site.
Documentary Stamp Tax
Documentary stamp taxes are levied on documents as provided under Chapter 201, Florida Statutes. Documents subject to the tax are Deeds, Stocks and Bonds, Notes, Mortgages and Written Promises to Pay.
Estate Tax
Estate tax may apply to your estate at your death, if you own real or personal property in Florida at the time of your death. Your gross estate includes all property totally or partially owned such as real estate, money, life insurance, annuities, stocks, bonds, accounts receivable, notes receivable, equipment, autos, furniture, artwork, jewelry.
Income Tax
State of Florida has no personal state income tax, but it does have a corporate tax.
Inheritance Tax
Residents of the State of Florida have no state inheritance tax unless they are subject to a federal estate tax, in which case the Florida inheritance tax is limited to an amount allowed as a deduction from the federal state tax.
Intangible Tax
Florida's intangible personal property tax is an annual tax based on the current market value, as of January 1, of intangible personal property owned, managed, or controlled by Florida residents or persons doing business in Florida. The tax applies to intangible assets such as stocks, mutual funds, bonds, loans, money market funds, notes, certain accounts receivable, and interest in limited partnerships registered with the Securities and Exchange Commission.
Personal Property Tax
A personal property tax is levied against business furnishing, merchandise, and equipment and is based on the same rates for real estate. Returns must be filed by April 1 each year with the County Property Appraiser’s Office.
Sales Tax
State sales tax is 6 percent excluding medicines, medical services and most food itmes. Counties may add a local option tax. Indian River County has added a 1 cent tax so the total sales tax in Indian River County is 7 percent.
- Florida Department of Revenue, Tax Information Services, 1379 Blountstown Highway, Tallahassee, FL 32304-2716. For forms and general information call Taxpayer Services, Monday-Friday, 8 a.m. to 5 p.m., ET, at 1-800-352-3671 (in Florida only) or 850-488-6800 and select Information on Taxes or Forms from the option menu. Hearing or speech impaired persons can call the TDD line at 1-800-367-8331.
For Ad Valorem Taxes contact the Indian River County Property Appraiser
- Indian River County Administration Bldg., 1840 25th St., Vero Beach, 772-567-8000
- Sebastian Square, 11602 US 1, Sebastian, 772-388-1937
For Information all taxes affecting residents of Indian River County, visit the website at the county's Tax Collector's Department.
Source: Florida Department of Revenue, Indian River County Property Appraiser
The warm tropical waters of the Gulf Stream moderate the climate. The winters are balmy (most of the time) and the summers have fresh ocean breezes to keep the average daily temperature year round at 73 degrees. Agriculture has always been the county’s largest industry, followed by tourism, light manufacturing and retail. There is no state income tax.
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