How No Property Taxes in Florida Could Impact Your Wallet as a Homeowner in the State

Property taxes in Florida have been skyrocketing over the past few years, and residents are fed up. According to October 2024 data from Redfin , Jacksonville, Tampa and Miami are among the top five places in the U.S. where property taxes have increased the most since 2019. In Jacksonville, property taxes increased by a median of 59.6%, Tampa experienced a median 56.7% jump and property taxes in Miami rose by a median of 48.1%.

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Property taxes have gotten so high that Florida Gov. Ron DeSantis has mentioned abolishing property taxes entirely. Here are more details on the current state of property taxes in Florida as well as how no property taxes could impact Florida homeowners…

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