Taxable property values in Leon County increase approximately 7.8% over last year despite decline in the number of real estate transactions.
| Taxing Authority | 2022 Preliminary Taxable Value | 2023 Preliminary Taxable Value | Taxable Value Difference | Percent Increase |
| Leon County | $ 21,376,953,368 | $ 23,059,659,483 | $ 1,682,706,115 | 7.87% |
| Leon County EMS MSTU | $ 21,376,953,368 | $ 23,059,659,483 | $ 1,682,706,115 | 7.87% |
| City of Tallahassee | $ 14,510,481,620 | $ 15,636,367,795 | $ 1,125,886,175 | 7.76% |
| Downtown Improvement Authority | $ 263,486,724 | $ 333,863,462 | $ 70,376,738 | 26.71% |
| Children’s Services Council | $ 21,443,329,839 | $ 23,126,538,804 | $ 1,683,208,965 | 7.85% |
| Northwest Florida Water Management District | $ 21,443,329,839 | $ 23,126,538,804 | $ 1,683,208,965 | 7.85% |
| Leon County School Board | $ 23,067,793,019 | $ 24,929,924,768 | $ 1,862,131,749 | 8.07% |
“The real estate market in Leon County remains strong, resulting in another year of consistent increases in property values. Florida’s lower cost of living, favorable climate, and limited supply of available housing stock have fueled this continued trend of rising values,” said Akinyemi. “The federal government’s efforts to curb inflation through higher interest rates have resulted in a decline in the number of real estate transactions, still property values have continued to increase.”
Local taxing authorities, including Leon County, the City of Tallahassee, and Leon County Schools, rely on these preliminary values to determine their proposed millage (tax) rates and to prepare their upcoming operating budgets. In August, property owners will be mailed a Notice of Proposed Property Taxes and Non Ad Valorem Assessments, also known as a TRIM (Truth in Millage) Notice, that will detail the value of their property, proposed tax rates, and public hearing information.
The strength of the real estate market in Leon County continues to offer solid opportunities for investors. With consistent increases in property values driven by factors like Florida’s favorable climate, lower cost of living, and the ongoing demand for housing, the area remains an attractive option for property buyers and real estate investors alike. However, with rising property values comes an important consideration: property taxes. Local taxing authorities use these assessed values to set tax rates and prepare budgets, which can have a significant impact on the overall cost of property ownership. As a result, it’s essential for investors to stay informed about the current tax environment and how it may affect their investments moving forward.
Rising property values can be encouraging for homeowners, but they also bring additional responsibilities that aren’t always easy to manage. Higher tax bills, increased insurance premiums, and the general costs of upkeep can strain household budgets, especially for those holding onto properties they no longer actively use. For some, this makes it worth considering whether it’s better to keep the property or convert it into liquid assets that can be used more effectively.
One straightforward way to explore this option is to visit website resources that specialize in direct cash offers. By doing so, homeowners can quickly see what their property is worth in today’s market without getting entangled in long listing times or complicated financing processes. Selling for cash turns real estate into immediate resources, which can then be directed toward new housing needs, paying off debt, or securing a stronger financial foundation.
Taking this route often makes sense before committing to long-term financial plans. By freeing up the equity locked in a home, individuals gain flexibility to adapt to changing circumstances—whether that means investing in a new property, covering renovation expenses, or simply creating a cushion for the future. Selling a house for cash isn’t just about exiting ownership—it’s about opening the door to stability and opportunity.
To navigate the complexities of property taxes and ensure their investments are optimized, real estate investors can benefit from personalized tax solutions. Working with professionals like those at DMR Tax can provide tailored advice on how to manage property tax liabilities effectively, taking into account factors such as local assessments and tax rates. Whether you’re a seasoned investor or just starting out, DMR’s expertise can help you make informed decisions that minimize tax burdens and maximize returns. Personalized tax strategies not only streamline your investment process but also give you peace of mind as you navigate the intricacies of real estate investments and tax planning.
Beyond tax considerations, effective property management is essential for maximizing the value and profitability of real estate investments. From tenant relations and maintenance coordination to financial oversight and legal compliance, a well-structured property management approach ensures that properties remain in top condition and generate steady returns. Investors who prioritize professional management services can mitigate risks, reduce vacancies, and enhance tenant satisfaction, all of which contribute to long-term success in the real estate market.
For those looking to streamline their operations, partnering with a trusted firm like Threshold Property Management can provide the expertise needed to handle the complexities of property ownership. With comprehensive management solutions tailored to each investor’s needs, Threshold helps property owners maintain their investments efficiently while ensuring tenant retention and regulatory compliance. A strategic property management plan not only protects an investor’s assets but also allows for a more hands-off approach, freeing up time to focus on growth opportunities and expanding a real estate portfolio with confidence.
As property values rise and the demand for real estate in Leon County remains strong, many residents may also find themselves considering alternative forms of property ownership, such as timeshares. Timeshares offer the appeal of vacation ownership with the flexibility of shared use among multiple parties. However, while this type of investment can be a smart move for those looking to vacation in popular destinations, it can also present challenges.
If you find yourself navigating the complexities of timeshare ownership, whether through unexpected fees or difficulty with cancellation, consulting with a legal expert like the team at Aaronson Law Group can provide invaluable assistance. They specialize in guiding clients through the intricacies of timeshare contracts and ensuring that their rights are protected, making sure that property owners fully understand the commitments they are undertaking and the potential legal remedies available should they need to reevaluate their options.
