A tropical climate, beautiful beaches, and even certain freedoms in recent history have been significant factors that attract many Americans to relocate to The Sunshine State. With this said, an overall lower cost of living has also been a significant driver in the recent population shift. A significant part of this includes the lack of a state income tax and the amount of property taxes typically paid. A recent LendingTree study shed some light on the top 50 metro cities across the country in terms of their respective property tax rates.
How do Florida metro cities rank?
Four Florida metro cities were included in the rankings. Not surprisingly, these four cities included Miami, Orlando, Jacksonville, and Tampa. Ranked from lowest to highest, these Florida metro cities ranked as follows:
- #11. Tampa, FL: $1,406 (average amount)
- #12. Jacksonville, FL: $1,575 (average amount)
- #14. Orlando, FL: $1,744 (average amount)
- #24. Miami, FL: $2,481 (average amount)
This study is quite eye-opening as it underscores the fact that Florida ranks quite competitively in terms of the average property taxes paid. With this said, it is certainly not surprising why many Americans from more expensive markets are flocking to The Sunshine State. As mentioned above, the Miami metro market was the most expensive Florida market with regard to property taxes. With this said, it was still ranked #24 out of the top 50 U.S. metro markets. In other words, there are 26 other metro markets that have higher property taxes. Are you thinking about moving to South Florida? We can help. Contact Live South Florida Realty, Inc. today!
At Live South Florida Realty, Inc. we have assisted many clients with their real estate needs. Are you looking to buy or sell a property in South Florida? Now more than ever, it is critical to have a qualified real estate team and the proper search tools behind you. Live South Florida Realty, Inc., has been a leader in the South Florida market for many years. Let our team of professionals assist you with buying or selling your piece of paradise today! In addition, our recently launched “Florida Home Search” app is now available on the Apple App Store and Google Play Store. With real-time MLS feeds, this app lets you set your own alerts to notify you as soon as a property meeting your needs hits the market. Furthermore, it will also let you know of recent closed sales in your area so that you may be even more educated on the market. Be sure to download this app for your smartphone or tablet today!