September 9, 2025 • 6 mins
Property taxes have been a hot topic for years in Florida due to the rapid increase in property values and taxes that have risen right along with them. This has culminated in the DeSantis administration’s push for the elimination of homesteaded property taxes to aid in affordability going forward, though that’s a matter that will be decided by the legislature and potentially voters next year.
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Episode Transcript
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Speaker 1 (00:04):
You have questions, Brian has answers. It's time for today's
Q and A of today. This is the Brian mud Show.
Speaker 2 (00:12):
Hey there Today he's Q and A propose property taxes.
This is brought to you by listen ashes check Mark collections.
Each day I feature a listener question sent by one
of these methods. You may email me Brian Mudd at
iHeartMedia dot com, hit me up on social ats Brianman Radio.
Speaker 1 (00:28):
We also use the iHeartRadio talkback feature.
Speaker 2 (00:31):
We love it. If you go into the iharadio app,
make us your number one preset in the Brian Mudshow
podcast your number two preset. While you're in there, look
for the little microphone button. You see it, you tap it.
You may lay down a message right there, maybe for
a future Q and A. Today's note this my property
taxes haven't gone below five thousand dollars in years. I
(00:51):
just received my latest proposed property tax for this year
and it's three thousand, nine hundred and fifty seven dollars.
If this becomes an actuality, it'll be a significant decrease.
Is this due to concern about recently completed local doge inspections?
You're shining the light on Palm Beach counties taking maximum
(01:12):
amounts of revenue whenever possible, or something else. Okay, Well,
first of all, I'm happy for you that you are
seeing what sounds like a meaningfully lower property tax bill
this year. Second of all, what you're experiencing not the norm.
It is not the norm, as property tax assessments generally
win considerably higher yet again this year.
Speaker 1 (01:33):
So about that.
Speaker 2 (01:35):
Property tax season is here, with our trim or truth
and village notices having already been issued by county property appraisers,
and the deadline for challenges to one's assessed property value
needing to be filed no later than next Monday, which
is September fifteenth in Palm Beach County specifically in order
to be considered by the Value Adjusted Adjustment Board. There
(01:56):
are actually some deadlines in certain counties that have already
come and gone.
Speaker 1 (02:00):
The challenging to trim notices.
Speaker 2 (02:03):
Property taxes obviously been a hot topic for years in
Florida due to the rapid increase of property values in
taxes that have risen right along with them, and this
is culminated in the DeSantis administration's push for the elimination
of homestead of property taxes to aid in affordability going forward.
So that's a matter that will be decided by the
legislature and potentially voters next year if the legislature gets
(02:25):
in ourn ballots. As for the current property tax situation,
it looks like this. The average property tax assessment for
Palm Beach County this year, based on twenty twenty four's
estimated value, rows by seven point seven percent. This also
includes increases in all but one of Palm Beach County's communities,
(02:47):
South Palm Beach, where assessed values were shown to have
declined by an average of less than one percent. So
Aside from the condo heavy community of South Palm Beach,
assess values were shown to have increased anywhere from three
point seven percent in Atlantis to as high as twenty
seven percent in Westlake. Now, looking out across other counties,
(03:12):
the story is largely the same. Martin County's average increase
and assessed property value across its five districts was eight
point four percent, with one community, the village of Indiantown,
showing a slight decrease and assessed property values just under
two percent decrease. There In Saint Lucy, the average increase
checked in at seven and a half percent, and in
(03:33):
Indian River County, increases pacing just over six percent on
average kicked in with increases across all communities in Indian
River County. So an answer to your questions about whether
the recently enacted DOGE audits or other scrutiny of property
taxation has factored into assessments, the answer is no. All
(03:56):
of the assessments are based on twenty twenty four market activity,
and the preliminary assessments were finalized early this year, prior
to the dojodits having even been announced as a thing. So,
without knowing the specifics of your situation, the twenty percent
plus decline that you've described here it is unusual. However,
(04:19):
in researching this, there is one category of properties that
did experience a decline in assess values that topped twenty
percent in select communities.
Speaker 1 (04:30):
Older condominium buildings.
Speaker 2 (04:33):
Condo communities with buildings that are older than thirty years
often experienced declines in property assessed value last year, with
declines pacing about twenty two percent in select buildings within
the Palm Beaches. The combination of a lackluster housing market
following the post pandemic boom and the local real estate
which obviously drove prices significantly higher, along with high mortgage rates,
(04:56):
property insurance cost increases, and commonly large special assessments resulting
from inspections mandated by state law that has since been
revised by the state legislature in the most recent session.
That has commonly led to lower assessments and thus lower
total proposed property tax bills for some owners of those properties.
(05:19):
So that is a trend that is carried into and
through this year as well, despite a stabilizing property insurance
market and a change in state law allowing communities additional
flexibility to meet the inspection mandates, but in place post
the collapse of Champlain Tower South. So yeah, it figures
to me an interesting next year in the property tax
front throughout the state, as we will see if we're
(05:42):
going to have that opportunity to vote on a proposed
constitutional amendment that would meaningfully reduce maybe eliminate property taxes
on homesteaded properties. But otherwise, yeah, you can expect a
lot of what we saw last year, which is condos
and town homes having the lower assess values, with a
(06:02):
lot of single family homes continuing some level of appreciation
just based upon market conditions that we've seen
You have questions, Brian has answers. It's time for today's
Q and A of today. This is the Brian mud Show.
Speaker 2 (00:12):
Hey there Today he's Q and A propose property taxes.
This is brought to you by listen ashes check Mark collections.
Each day I feature a listener question sent by one
of these methods. You may email me Brian Mudd at
iHeartMedia dot com, hit me up on social ats Brianman Radio.
Speaker 1 (00:28):
We also use the iHeartRadio talkback feature.
Speaker 2 (00:31):
We love it. If you go into the iharadio app,
make us your number one preset in the Brian Mudshow
podcast your number two preset. While you're in there, look
for the little microphone button. You see it, you tap it.
You may lay down a message right there, maybe for
a future Q and A. Today's note this my property
taxes haven't gone below five thousand dollars in years. I
(00:51):
just received my latest proposed property tax for this year
and it's three thousand, nine hundred and fifty seven dollars.
If this becomes an actuality, it'll be a significant decrease.
Is this due to concern about recently completed local doge inspections?
You're shining the light on Palm Beach counties taking maximum
(01:12):
amounts of revenue whenever possible, or something else. Okay, Well,
first of all, I'm happy for you that you are
seeing what sounds like a meaningfully lower property tax bill
this year. Second of all, what you're experiencing not the norm.
It is not the norm, as property tax assessments generally
win considerably higher yet again this year.
Speaker 1 (01:33):
So about that.
Speaker 2 (01:35):
Property tax season is here, with our trim or truth
and village notices having already been issued by county property appraisers,
and the deadline for challenges to one's assessed property value
needing to be filed no later than next Monday, which
is September fifteenth in Palm Beach County specifically in order
to be considered by the Value Adjusted Adjustment Board. There
(01:56):
are actually some deadlines in certain counties that have already
come and gone.
Speaker 1 (02:00):
The challenging to trim notices.
Speaker 2 (02:03):
Property taxes obviously been a hot topic for years in
Florida due to the rapid increase of property values in
taxes that have risen right along with them, and this
is culminated in the DeSantis administration's push for the elimination
of homestead of property taxes to aid in affordability going forward.
So that's a matter that will be decided by the
legislature and potentially voters next year if the legislature gets
(02:25):
in ourn ballots. As for the current property tax situation,
it looks like this. The average property tax assessment for
Palm Beach County this year, based on twenty twenty four's
estimated value, rows by seven point seven percent. This also
includes increases in all but one of Palm Beach County's communities,
(02:47):
South Palm Beach, where assessed values were shown to have
declined by an average of less than one percent. So
Aside from the condo heavy community of South Palm Beach,
assess values were shown to have increased anywhere from three
point seven percent in Atlantis to as high as twenty
seven percent in Westlake. Now, looking out across other counties,
(03:12):
the story is largely the same. Martin County's average increase
and assessed property value across its five districts was eight
point four percent, with one community, the village of Indiantown,
showing a slight decrease and assessed property values just under
two percent decrease. There In Saint Lucy, the average increase
checked in at seven and a half percent, and in
(03:33):
Indian River County, increases pacing just over six percent on
average kicked in with increases across all communities in Indian
River County. So an answer to your questions about whether
the recently enacted DOGE audits or other scrutiny of property
taxation has factored into assessments, the answer is no. All
(03:56):
of the assessments are based on twenty twenty four market activity,
and the preliminary assessments were finalized early this year, prior
to the dojodits having even been announced as a thing. So,
without knowing the specifics of your situation, the twenty percent
plus decline that you've described here it is unusual. However,
(04:19):
in researching this, there is one category of properties that
did experience a decline in assess values that topped twenty
percent in select communities.
Speaker 1 (04:30):
Older condominium buildings.
Speaker 2 (04:33):
Condo communities with buildings that are older than thirty years
often experienced declines in property assessed value last year, with
declines pacing about twenty two percent in select buildings within
the Palm Beaches. The combination of a lackluster housing market
following the post pandemic boom and the local real estate
which obviously drove prices significantly higher, along with high mortgage rates,
(04:56):
property insurance cost increases, and commonly large special assessments resulting
from inspections mandated by state law that has since been
revised by the state legislature in the most recent session.
That has commonly led to lower assessments and thus lower
total proposed property tax bills for some owners of those properties.
(05:19):
So that is a trend that is carried into and
through this year as well, despite a stabilizing property insurance
market and a change in state law allowing communities additional
flexibility to meet the inspection mandates, but in place post
the collapse of Champlain Tower South. So yeah, it figures
to me an interesting next year in the property tax
front throughout the state, as we will see if we're
(05:42):
going to have that opportunity to vote on a proposed
constitutional amendment that would meaningfully reduce maybe eliminate property taxes
on homesteaded properties. But otherwise, yeah, you can expect a
lot of what we saw last year, which is condos
and town homes having the lower assess values, with a
(06:02):
lot of single family homes continuing some level of appreciation
just based upon market conditions that we've seen
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