{"id":78744,"date":"2024-10-28T05:00:55","date_gmt":"2024-10-28T12:00:55","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=78744"},"modified":"2024-10-25T12:46:52","modified_gmt":"2024-10-25T19:46:52","slug":"property-tax-homebuyer-increase-florida","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/property-tax-homebuyer-increase-florida\/","title":{"rendered":"Property Taxes Have Surged Nearly 60% in Tampa and Jacksonville Since 2019, Exacerbating Florida\u2019s Housing Affordability Crisis"},"content":{"rendered":"

Property tax bills have increased since 2019 in nearly every major U.S. metro, with Florida home to three of the five metros with the biggest hikes. Property taxes are soaring in Florida partly due to the pandemic-driven migration and homebuying boom, and partly to the increasing intensity of climate disasters. Nationwide, property taxes have increased in dollars, but the effective tax rate has declined as home prices have soared faster than tax rates.\u00a0<\/span><\/i><\/p>\n

Florida is home to three of the five major U.S. metros where property tax bills have increased most since before the pandemic, exacerbating the difficulty of affording a home in the Sunshine State.<\/span><\/p>\n

The median monthly property tax bill has risen most over that period in Indianapolis<\/a>, where the typical homebuyer pays 66.7% more today than they would have in 2019, bringing their monthly tax bill to $205. Atlanta<\/a> comes in second, with a 65.8% increase to $239. Next come three Florida metros: Jacksonville<\/a>, where property taxes have increased 59.6% to $228 since 2019, Tampa<\/a> (56.7% to $250) and Miami<\/a> (48.1% to $367).\u00a0<\/span>