Are Taxes Going Up in Indian Rocks Beach?

First the bad news: Indian Rocks Beach has a budget gap.

Now the good news that puts a smile on the face of property tax payers: The property tax rate will stay the same for the sixth straight year.

How will Indian Rocks Beach leaders do this and balance the budget? They will dip into reserve funds to handle the deficit, according to the Tampa Bay Times.

Overall, property values are on the rise in Indian Rocks Beach, as they are across Pinellas County, as the real estate market rebounds.

The city's proposed spending plan – $3.08 million – is slightly less than the current year's budget of $3.20 million.

To balance the budget, the city will spend $169,000 from reserve funds.