Property Appraiser: Leon County real estate value soars by 9.3%

tally city hall
Akin Akinyemi says t’s the largest increase in over a decade.

Florida’s capital city, like the rest of the state, is witnessing a surge in real estate values that could eventually result in residents paying more in property taxes depending on what actions local governments take in the next few months.

Leon County Property Appraiser Akin Akinyemi announced that taxable property values have increased 9.33% over last year, which is the largest increase in over a decade.

“Real estate in Florida has seen significant demand driven by a large influx of new residents and limited supply, resulting in surges in property values,” Akinyemi said. “Leon County is not immune from these factors and has seen record appreciation over the last several years.”

Akinyemi’s office released the preliminary 2022 tax roll data that it submitted to the Department of Revenue. It shows that the taxable values for local governments as well as special districts in the county grew anywhere from 8% to more than 9%.

The main taxing authorities in Leon County — City of Tallahassee, Downtown Improvement Authority, Children’s Services Council, Northwest Florida Water Management District, School Board — they will all take in more money if the elected and appointed officials do not roll back their tax rates.

But that also means local homeowners will see their overall tax bills go up.

Florida law does put a cap on how much certain property values can rise in one year, and homeowners can also receive exemptions that lower the taxable value of their homes.

This fall, Akinyemi will send out an official notice that shows residents how much their tax bills could go up if local officials keep tax rates at their current levels.

Christine Jordan Sexton

Tallahassee-based health care reporter who focuses on health care policy and the politics behind it. Medicaid, health insurance, workers’ compensation, and business and professional regulation are just a few of the things that keep me busy.


3 comments

  • PeterH

    July 4, 2022 at 11:23 pm

    Small time investors are making a lot of money flipping real estate in Florida.

  • Matthew Lusk

    July 9, 2022 at 3:23 pm

    Illegals push up housing values= more demand, higher prices, higher property taxes. Couple that with the private banking cartel’s trillion dollar per year credit dollar counterfeiting racket and you get fascist tyranny causing an economic depression w/invasion detriments.

  • Al

    July 12, 2022 at 9:26 pm

    As for property taxes they might need it to be taken out of their salary weekly

Comments are closed.


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