Local & State
Jacksonville Property Taxes Outpacing Home Values, Study Finds
PN Team • 2 days ago
A ConsumerAffairs analysis of U.S. Census Bureau data ranks the Jacksonville metro area No. 2 among the 100 largest U.S. metros for property taxes rising faster than home values from 2022 to 2024. The typical homeowner's tax bill rose 21.7% while median home values increased 8.1%, a gap second only to Lakeland-Winter Haven, Florida. Nationally, home values rose faster than taxes over the same period, though a five-year view shows Jacksonville home values up 63.1% since 2019, outpacing a 44.9% rise in taxes.
Florida's Amendment 3, needing 60% approval, would raise the non-school homestead exemption to $150,000 in 2027 and $250,000 in 2028 while cutting the non-homestead assessment-growth cap from 10% to 5%. Backed by Gov. Ron DeSantis, it has split Republicans and drawn opposition from police, firefighter, and county groups warning of billions in lost local revenue; proponents argue local governments can absorb cuts after years of rapid tax collection growth.
Sources:
Sentiment
- Jacksonville, Florida Highlighted as having the second-worst tax-to-value growth gap among major U.S. metros.
- Polk County, Florida Lakeland-Winter Haven, in this county, ranks worst for tax growth relative to home values.
- Local government Local governments are depicted as resisting revenue cuts amid debate over tax policy.
- Republican Party (United States) Described as split over the amendment, indicating internal division.
- Ron DeSantis Portrayed as backing a tax-relief measure, though it draws opposition from some groups.
- Florida State context for rising property taxes and a contested ballot measure.