A national research organization has ranked the Cape Coral-Fort Myers metro number 11 among the country\u2019s top 100 markets where property taxes are growing faster than home values.\u00a0<\/p>\n
\u201cIn Florida, property taxes have outpaced home values more than anywhere else in the country,\u201d a release issued by ConsumerAffairs today states.<\/p>\n
Its research team analyzed 2022-2024 Census data from the 100 largest U.S. metro areas to find where property taxes are growing faster than home values.<\/p>\n
The Lakeland metro area ranked No, 1 nationally \u201cfor the biggest gap between property tax growth and home value growth, with a difference of almost 14 percentage points,\u201d the release states.<\/p>\n
\u201cBetween 2022 and 2024, the median amount of property taxes paid in the Lakeland-Winter Haven metro increased by 28% \u2014 that\u2019s the highest increase in the country.\u201d<\/p>\n
Cape Coral-Fort Myers came in at No. 11 with a property tax vs. home value gap of 9.0. Median property taxes, not including assessments and other taxes on property were $2,601. In 2024 that median had increased to $3,087.<\/p>\n
The ConsumerAffairs Research Team compared changes in property taxes with changes in home values from 2022 to 2024, the most recent two-year period with comparable U.S. Census Bureau data available at the time of publication, the release states.<\/p>\n
The metros were ranked by the percentage-point difference between:<\/p>\n
\u2022 Property tax growth: The percentage change in median real estate taxes paid from 2022 to 2024.<\/p>\n
\u2022 Home value growth: The percentage change in median home value over the same period.<\/p>\n
\u201cA positive difference indicates that property taxes increased faster than home values, while a negative difference indicates that home values increased faster than property taxes, the release states.<\/p>\n
Data came from the U.S. Census Bureau\u2019s American Community Survey one-year estimates. <\/p>\n
ConsumerAffairs research team also analyzed five-year changes from 2019 to 2024, the release states.<\/p>\n","protected":false},"excerpt":{"rendered":"A national research organization has ranked the Cape Coral-Fort Myers metro number 11 among the country\u2019s top 100…\n","protected":false},"author":2,"featured_media":440191,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[209,211,210],"class_list":["post-440190","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-cape-coral","tag-cape-coral-headlines","tag-cape-coral-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/440190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=440190"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/440190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/440191"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=440190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=440190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=440190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}