Toxic Real Estate and the Loss of “Full Market Value,” St Lucie River/Indian River Lagoon

Please pay attention! This could be fixed by buying the land in the EAA! Our legislators aren’t interested. please help us today.

Jacqui Thurlow-Lippisch

Toxic real estate is not real estate at its full market value. (Google map of Stuart, Sewall's Point, and Hutchinson Island area of Martin County, words JTL) Toxic real estate is not real estate at its full market value. (Google map of Stuart, Rio, Sewall’s Point, and Hutchinson Island- areas of Martin County, words JTL.)

Real estate taxes are paid in arrears, so one learns about the property values of a calendar year, a year later. In the Town of Sewall’s Point, the 2014 (really 2013) tax value increased .14%. This seemed low compared to other similar areas of the state. During this time,  I contacted Laurel Kelly, our Martin County property appraiser. She had her staff research the issue, and assured me that the answer to my question: “Did the toxic St Lucie River/Southern Indian River Lagoon of 2013 have anything to do with lower property values?” was a negative– or at least could not be verified.

Rather, data showed it had to do with other things like the number of homesteaded properties and a limited…

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