Jewkes-Danielsen sentenced for deadly A1A collision.
The assessed value of real estate in Indian River County saw an impressive $2 billion increase in 2024, bringing the total to $34.3 billion, up $11 billion in the past three years. The Town of Orchid led with a 10.5% increase in real estate value, followed closely by Indian River Shores with an 8.9% gain. Orchid Island Golf & Beach Club has seen a successful year due to strong demand and ongoing amenities upgrades, including a $20 million renovation project. Despite Vero Beach's 5.76% increase being slightly affected by tornado damage, the overall county real estate value rose significantly. The rise in property value is attributed to factors such as new construction, resales of existing homes, and higher assessments on properties that gained value during the real estate boom. The property appraisal process, though challenging in capturing the full extent of property value increases, will guide governments and agencies in setting budgets and property tax rates based on the latest estimates.
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