An estimate of how Amendment 3's larger homestead exemption could change Martin County government's ad valorem property tax revenue, based on 2026 property values and final 2026 tax rates.
Illustrative estimates only. These figures are meant to illustrate how Amendment 3 could affect Martin County government based on current data. They are not official. For official information about the county's budget, tax rates and revenue, contact Martin County government directly. For official property values and exemptions, contact the Martin County Property Appraiser.
This page covers the nine operating property taxes Martin County government levies in the final 2026 millage table, grouped by where they apply: the countywide levy (6.5614 mills, paid throughout Martin County, inside and outside cities); the fire rescue MSTU (2.6376 mills, paid in unincorporated Martin County, the Town of Ocean Breeze and the Village of Indiantown); the unincorporated stormwater MSTU (0.5722 mills, paid in unincorporated Martin County); the parks and recreation MSTU (0.1474 mills, paid in unincorporated Martin County); and 5 more levies for smaller areas, each shown below.
Paid on taxable property throughout Martin County, inside and outside cities. Estimated change by 2028: −$40.0 million (−16.9%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $17,700,058,944 | $20,203,157,896 | $37,903,216,840 | $248,698,167 | $236,263,259 | — | — |
| 2027 (estimate) | $14,043,347,729 | $20,203,157,896 | $34,246,505,625 | $224,705,022 | $213,469,771 | −$22,793,488 | −9.6% |
| 2028 (estimate) | $11,282,752,596 | $20,203,157,896 | $31,485,910,492 | $206,591,653 | $196,262,070 | −$40,001,188 | −16.9% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $17,700,058,944 | $20,203,157,896 | $37,903,216,840 | $248,698,167 | $236,263,259 | — | — |
| 2027 (estimate) | $13,574,899,532 | $20,203,157,896 | $33,778,057,428 | $221,631,346 | $210,549,779 | −$25,713,480 | −10.9% |
| 2028 (estimate) | $10,454,575,486 | $20,203,157,896 | $30,657,733,382 | $201,157,652 | $191,099,769 | −$45,163,489 | −19.1% |
A municipal services taxing unit for fire rescue, paid on 86,912 parcels in unincorporated Martin County, the Town of Ocean Breeze and the Village of Indiantown. Estimated change by 2028: −$14.9 million (−20.8%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $14,048,703,710 | $14,525,978,368 | $28,574,682,078 | $75,368,581 | $71,600,152 | — | — |
| 2027 (estimate) | $10,694,667,764 | $14,525,978,368 | $25,220,646,132 | $66,521,976 | $63,195,877 | −$8,404,275 | −11.7% |
| 2028 (estimate) | $8,118,987,755 | $14,525,978,368 | $22,644,966,123 | $59,728,363 | $56,741,945 | −$14,858,208 | −20.8% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $14,048,703,710 | $14,525,978,368 | $28,574,682,078 | $75,368,581 | $71,600,152 | — | — |
| 2027 (estimate) | $10,324,270,913 | $14,525,978,368 | $24,850,249,281 | $65,545,018 | $62,267,767 | −$9,332,386 | −13.0% |
| 2028 (estimate) | $7,477,668,012 | $14,525,978,368 | $22,003,646,380 | $58,036,818 | $55,134,977 | −$16,465,176 | −23.0% |
A municipal services taxing unit for stormwater management, paid on 83,973 parcels in unincorporated Martin County. Estimated change by 2028: −$3.2 million (−20.9%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $13,957,248,159 | $14,045,437,803 | $28,002,685,962 | $16,023,137 | $15,221,980 | — | — |
| 2027 (estimate) | $10,645,563,948 | $14,045,437,803 | $24,691,001,751 | $14,128,191 | $13,421,782 | −$1,800,198 | −11.8% |
| 2028 (estimate) | $8,093,824,890 | $14,045,437,803 | $22,139,262,693 | $12,668,086 | $12,034,682 | −$3,187,298 | −20.9% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $13,957,248,159 | $14,045,437,803 | $28,002,685,962 | $16,023,137 | $15,221,980 | — | — |
| 2027 (estimate) | $10,276,742,454 | $14,045,437,803 | $24,322,180,257 | $13,917,152 | $13,221,294 | −$2,000,686 | −13.1% |
| 2028 (estimate) | $7,454,408,321 | $14,045,437,803 | $21,499,846,124 | $12,302,212 | $11,687,101 | −$3,534,879 | −23.2% |
A municipal services taxing unit for parks and recreation, paid on 83,973 parcels in unincorporated Martin County. Estimated change by 2028: −$821,100 (−20.9%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $13,957,248,159 | $14,045,437,803 | $28,002,685,962 | $4,127,596 | $3,921,216 | — | — |
| 2027 (estimate) | $10,645,563,948 | $14,045,437,803 | $24,691,001,751 | $3,639,454 | $3,457,481 | −$463,735 | −11.8% |
| 2028 (estimate) | $8,093,824,890 | $14,045,437,803 | $22,139,262,693 | $3,263,327 | $3,100,161 | −$821,055 | −20.9% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $13,957,248,159 | $14,045,437,803 | $28,002,685,962 | $4,127,596 | $3,921,216 | — | — |
| 2027 (estimate) | $10,276,742,454 | $14,045,437,803 | $24,322,180,257 | $3,585,089 | $3,405,835 | −$515,381 | −13.1% |
| 2028 (estimate) | $7,454,408,321 | $14,045,437,803 | $21,499,846,124 | $3,169,077 | $3,010,623 | −$910,593 | −23.2% |
Paid on 26,595 parcels in parts of unincorporated Martin County. Estimated change by 2028: −$37,700 (−12.2%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $3,713,346,256 | $4,868,637,399 | $8,581,983,655 | $324,399 | $308,179 | — | — |
| 2027 (estimate) | $3,109,052,680 | $4,868,637,399 | $7,977,690,079 | $301,557 | $286,479 | −$21,700 | −7.0% |
| 2028 (estimate) | $2,663,426,617 | $4,868,637,399 | $7,532,064,016 | $284,712 | $270,476 | −$37,703 | −12.2% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $3,713,346,256 | $4,868,637,399 | $8,581,983,655 | $324,399 | $308,179 | — | — |
| 2027 (estimate) | $3,010,094,979 | $4,868,637,399 | $7,878,732,378 | $297,816 | $282,925 | −$25,254 | −8.2% |
| 2028 (estimate) | $2,481,304,234 | $4,868,637,399 | $7,349,941,633 | $277,828 | $263,936 | −$44,243 | −14.4% |
Paid on 18,181 parcels in parts of unincorporated Martin County. Estimated change by 2028: −$68,100 (−33.5%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $2,645,693,412 | $2,113,059,451 | $4,758,752,863 | $214,144 | $203,437 | — | — |
| 2027 (estimate) | $1,743,455,087 | $2,113,059,451 | $3,856,514,538 | $173,543 | $164,866 | −$38,571 | −19.0% |
| 2028 (estimate) | $1,053,283,246 | $2,113,059,451 | $3,166,342,697 | $142,485 | $135,361 | −$68,076 | −33.5% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $2,645,693,412 | $2,113,059,451 | $4,758,752,863 | $214,144 | $203,437 | — | — |
| 2027 (estimate) | $1,675,213,732 | $2,113,059,451 | $3,788,273,183 | $170,472 | $161,949 | −$41,488 | −20.4% |
| 2028 (estimate) | $948,485,932 | $2,113,059,451 | $3,061,545,383 | $137,770 | $130,881 | −$72,556 | −35.7% |
Paid on 15,081 parcels in parts of unincorporated Martin County. Estimated change by 2028: −$95,900 (−27.8%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $3,660,024,984 | $2,051,695,778 | $5,711,720,762 | $362,694 | $344,560 | — | — |
| 2027 (estimate) | $2,801,357,226 | $2,051,695,778 | $4,853,053,004 | $308,169 | $292,760 | −$51,799 | −15.0% |
| 2028 (estimate) | $2,069,923,134 | $2,051,695,778 | $4,121,618,912 | $261,723 | $248,637 | −$95,923 | −27.8% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $3,660,024,984 | $2,051,695,778 | $5,711,720,762 | $362,694 | $344,560 | — | — |
| 2027 (estimate) | $2,702,339,268 | $2,051,695,778 | $4,754,035,046 | $301,881 | $286,787 | −$57,772 | −16.8% |
| 2028 (estimate) | $1,892,212,538 | $2,051,695,778 | $3,943,908,316 | $250,438 | $237,916 | −$106,643 | −31.0% |
Paid on 14,196 parcels in parts of unincorporated Martin County. Estimated change by 2028: −$58,900 (−16.4%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $2,576,134,233 | $3,356,196,896 | $5,932,331,129 | $377,889 | $358,995 | — | — |
| 2027 (estimate) | $2,013,997,348 | $3,356,196,896 | $5,370,194,244 | $342,081 | $324,977 | −$34,018 | −9.5% |
| 2028 (estimate) | $1,602,066,405 | $3,356,196,896 | $4,958,263,301 | $315,841 | $300,049 | −$58,946 | −16.4% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $2,576,134,233 | $3,356,196,896 | $5,932,331,129 | $377,889 | $358,995 | — | — |
| 2027 (estimate) | $1,947,388,064 | $3,356,196,896 | $5,303,584,960 | $337,838 | $320,946 | −$38,049 | −10.6% |
| 2028 (estimate) | $1,486,248,895 | $3,356,196,896 | $4,842,445,791 | $308,464 | $293,041 | −$65,954 | −18.4% |
Paid on 3,297 parcels in parts of unincorporated Martin County. Estimated change by 2028: −$28,000 (−6.5%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $959,512,173 | $1,546,942,369 | $2,506,454,542 | $450,911 | $428,366 | — | — |
| 2027 (estimate) | $872,451,892 | $1,546,942,369 | $2,419,394,261 | $435,249 | $413,487 | −$14,879 | −3.5% |
| 2028 (estimate) | $795,756,135 | $1,546,942,369 | $2,342,698,504 | $421,451 | $400,379 | −$27,987 | −6.5% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $959,512,173 | $1,546,942,369 | $2,506,454,542 | $450,911 | $428,366 | — | — |
| 2027 (estimate) | $848,080,230 | $1,546,942,369 | $2,395,022,599 | $430,865 | $409,321 | −$19,044 | −4.4% |
| 2028 (estimate) | $749,757,398 | $1,546,942,369 | $2,296,699,767 | $413,176 | $392,517 | −$35,848 | −8.4% |
As with the cities and towns, the size of the change depends mostly on how much of the taxable value comes from homesteads. Property without a homestead exemption, such as rentals, businesses, second homes and vacant land, keeps its taxable value under the amendment.
Countywide, homesteads make up 46.7% of the taxable value for the countywide levies in 2026. Within the fire rescue MSTU area, they make up 49.2%, so the estimated percentage change for that levy is larger. Among the five cities and towns that levy a property tax, the homestead share ranges from 12.0% to 66.8%.
The table below shows where the change in the countywide taxable value comes from. Unincorporated Martin County has 73.9% of the county's taxable value and accounts for an estimated 91.4% of the change. The Town of Jupiter Island has 11.6% of the county's taxable value and accounts for an estimated −0.8% of the change.
| Area | County taxable value, 2026 | Share of county taxable value | Homestead share of area's taxable value | Change in area's taxable value by 2028 | Share of countywide change |
|---|---|---|---|---|---|
| Unincorporated Martin County | $28,002,685,962 | 73.9% | 49.8% | −20.9% | 91.4% |
| Town of Jupiter Island | $4,411,108,741 | 11.6% | 47.8% | +1.2% | −0.8% |
| City of Stuart | $3,750,125,290 | 9.9% | 20.4% | −11.6% | 6.8% |
| Town of Sewall's Point | $1,167,300,731 | 3.1% | 66.8% | −9.0% | 1.6% |
| Village of Indiantown | $480,087,564 | 1.3% | 12.0% | −10.0% | 0.8% |
| Town of Ocean Breeze | $91,908,552 | 0.2% | 36.7% | −19.7% | 0.3% |
Estimates use homestead assessed values rising by up to 3% a year, capped at just value. Areas are based on each parcel's tax district.
Florida counties also receive money from other sources. Depending on the county, these can include state revenue sharing, the local government half-cent sales tax, local option sales and fuel taxes, communications services taxes, non-ad valorem assessments, franchise fees, charges for services, and state and federal grants. The mix differs from county to county. Martin County's adopted budget shows its full set of revenue sources and how much each provides.
The Children's Services Council of Martin County, the Florida Inland Navigation District, the water management district and the School Board levy their own property taxes. They are separate taxing authorities and are not included on this page.
Property values and exemptions: The Martin County Property Appraiser's 2026 final tax roll, as published by the Florida Department of Revenue. Tax rates: the Property Appraiser's 2026 final millage codes and tax rates. Parcel tax districts: the millage codes on the same tax roll.
For each homestead, the estimated taxable value is its assessed value minus the new homestead exemption ($150,000 in 2027, $250,000 in 2028) and any other exemptions, but not less than zero. The gross levy is total taxable value times the millage rate, for the parcels where each levy applies. The budget basis is 95% of the gross levy.
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