Property Taxes outpacing home values in Florida metros

Three Florida metropolitan areas ranked among the nation’s top 10 for property tax growth exceeding home value growth from 2022 to 2024

This is according to a ConsumerAffairs report released ahead of the state’s vote on property tax relief.

The report looked at the 100 largest metros in the country using data from the U.S. Census Bureau and compared the percentage change in median property taxes with the percentage change in median home value.

The national trend shows home values outpacing property taxes between 2022 and 2024. Home values went up 12.4% while property taxes increased 10.6%.

Meanwhile, Florida had three metros in the top ten for the inverse: property taxes outpacing home values. Voters will determine whether to approve Amendment 3, which would increase the homestead tax exemption to $250,000 by 2028.

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