logo
Central Florida property values continue to skyrocket

Central Florida property values continue to skyrocket

Yahooa day ago

Property values across Central Florida are soaring this year, fueled by billions of dollars of new construction, according to the region's property appraisers.
The booming values will help boost tax rolls as local governments begin preparing budgets for the next fiscal year, which starts Oct. 1. And it may add fuel to a GOP-boosted argument that Florida homeowners are paying too much property tax.
'Interest rates are relatively high, and we've certainly seen a slow down in residential sales,' said David Johnson, Seminole County's property appraiser. 'But what we have not seen is a decline in the values, or what people are selling their houses for.'
At this time every year, property appraisers are required to provide local governments, school districts and other taxing authorities with their 'Best Estimates of Taxable Values' reports.
The reports released last week show that every local government in the region is seeing jumps in taxable values this year, with several cities looking at double digit increases.
In Orange County, Windermere leads the list with taxable values rising to just over $1.2 billion in total. That's up slightly more than 19% compared to last year.
Helping to fuel that rise, Windermere voters last February agreed in a special election to annex the gated Chaine du Lac community that abuts the town's western side, adding hundreds of new properties.
Windermere's increase was followed by Apopka — the county's second-largest city — which is estimated to see a nearly 14% jump from last year to nearly $8.2 billion worth of total taxable value in 2025.
In Seminole, Sanford is forecast to have nearly $6.7 billion in taxable property values this year, a 10.85% jump from 2024. Sanford — the second largest city in Central Florida's three-county region behind Orlando — is the only Seminole government to have a double-digit percentage increase.
A large part of that surge in Sanford is the result of recent construction of homes and apartments within the city, Johnson said.
'They've built thousands of single-family homes by Celery Avenue [near the Orlando Sanford International Airport],' he said.
In Osceola County, St. Cloud is forecast to see taxable values rise to nearly $6 billion in 2025, a whopping nearly 15% increase from 2024, according to that county's Property Appraiser's Office.
'There's a lot of new construction,' Osceola's Property Appraiser Katrina Scarborough said regarding St. Cloud. 'And we're one of the fastest growing counties in the country.'
Kissimmee's taxable values are expected to rise to $6.9 billion in 2025, a 10.5% increase from last year.
Lake's smallest cities saw the largest increases in the county, in large part because of an explosion of new home construction. Montverde led the list with a 24.6% jump from 2024 to a total estimated taxable value of nearly $212 million. That was closely followed by Mascotte, which is forecast to have a 21.8% increase from last year to nearly $602 million.
Several straight years of rising taxable values across the region have pumped billions more dollars into the coffers of local governments. For example, Orange County's budget has grown by $1.7 billion in the last five years.
That's spurred Gov. Ron DeSantis and other Republicans to recently push for either cutting or completely eliminating property taxes. DeSantis claims that Florida counties and cities are taking advantage of that largesse in tax revenues by expanding, while struggling property owners pay for it. He is advocating a $1000 property tax rebate to every Florida homeowner this December, followed by structural changes to the tax later.
But the state House and Senate, at loggerheads over the budget they need to pass by June 30, have yet to take up any property tax changes this year.
The taxable value of a property is the amount used by local governments to calculate and set property tax rates. Market value, on the other hand, is the price a property would likely sell for in the current real estate market. Market value is influenced by the condition of the property, its location and surroundings. Florida law caps the taxable value of a homeowner's primary residence, limiting the rise in taxes.
In Orange County, the estimated total market value for 2025 is $345.8 billion, an increase of 4.6% from 2024.
In Seminole, the 2025 market value is just over $87 billion, which is a nearly 4.2% increase from 2024. In Osceola, the market value is nearly $70 billion, a surge of nearly 4.3% from 2024, while in Lake, the market value is $68.4 billion, a 6.3% jump from last year.
According to the Orlando Regional Realtor Association, there were more than 12,000 homes on the market across Central Florida in May. It takes on average about 76 days for a home to sit on the market before it is purchased. As of Thursday, the average 30-year fixed mortgage rate was about 6.87%, and 5.95% for a 15-year fixed rate, according to Zillow.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Martinelli & Switzer LLC Launches 'The Replicate Program' to Help Visionary Leaders Expand Their Impact
Martinelli & Switzer LLC Launches 'The Replicate Program' to Help Visionary Leaders Expand Their Impact

Yahoo

timean hour ago

  • Yahoo

Martinelli & Switzer LLC Launches 'The Replicate Program' to Help Visionary Leaders Expand Their Impact

Jupiter, Florida , June 09, 2025 (GLOBE NEWSWIRE) -- Martinelli & Switzer LLC today announced the launch of , a strategic initiative designed to empower professionals, coaches, and consultants to scale their unique methodologies through a network of certified practitioners. This six-month program provides structured support for thought leaders aiming to deliver their work to wider audiences by building and training aligned, capable teams. The Replicate Program helps experts certify others in their methods to scale impact and grow their influence. Structured around transformation and mentorship, offers participants a roadmap to replicate their intellectual property, codify their methods, and create business models that sustain their legacy and extend their reach. 'There's no doubt a certification or licensing program of your own would be a game-changer for your career.,' said Janet Switzer, co-creator of The Replicate Program. 'This initiative is about breaking through and building a network of certified individuals who understand, believe in, and can deliver your work at scale.' 'The Replicate Program was born from a realization that many thought leaders hit a ceiling—not because of their vision, but because of bandwidth,' said Paul Martinelli, co-creator of the The Replicate Program. Participants in will receive: A proven framework for duplicating and scaling intellectual property Weekly strategic guidance from experienced mentors Access to customizable training systems for new practitioners A clear roadmap for recruiting, certifying, and supporting practitioners Developed in response to growing demand from experts who feel limited by solo delivery models, The Replicate Program is already generating strong interest from professionals seeking to systematize their approach and amplify their impact. For more information, visit . About Martinelli & Switzer LLCMartinelli & Switzer LLC is a Jupiter, Florida-based consultancy focused on empowering leaders to expand their influence through structured programs and strategic development. Its flagship initiative, The Replicate Program, supports professionals in building certified practitioner networks that carry their legacy forward with precision and purpose. Press ContactMediaThe Replicate ProgramEmail: success@ 521 Bald Eagle Drive, Jupiter, FL 33477, USA The Replicate Program helps you certify others to multiply your impact and expand your reach. Sign in to access your portfolio

AMG offers an update on AI at its conference
AMG offers an update on AI at its conference

Travel Weekly

timean hour ago

  • Travel Weekly

AMG offers an update on AI at its conference

ORLANDO -- American Marketing Group released a number of network updates related to its programs and services at its annual Travel Market here. Chief marketing officer Nicole Mazza said she is most excited about AI, and AMG's partnership with Toby, AI Connect Powered by Toby. "We are very focused on building tools for [advisors] to help with their workflow process to give them more time back," Mazza said. Utilization of AI Connect still needs to grow, she said, but the number of users are going up monthly. All exclusive supplier offers are sent directly to AI Connect. Advisors can then use that information to prompt the AI to build content like blog posts, social media captions and landing pages, all within AI Connect. It also recently debuted Destination Arrival Guide, which has more than 600 destination briefs that are regularly updated. Advisors can use that content to create guides tailored to their clients. It's "a phenomenal product that is a really great marketing assistant," Mazza said. While a number of agencies are still "a little skittish" about integrating AI into their workflows, she said AMG is working to help them understand how useful it could be. "Marketing that has taken them hours to produce, they can do in less than 20 minutes," she said. "If you're really quick, you can do it in less than five. It's that easy to use in these tools." Technology updates Second to AI in terms of importance, Mazza said, is lead generation and having an advisor profile on AMG's consumer-facing websites. Last fall, AMG debuted the advisor profiles, which consumers can search using filters like location, specialties, destination expertise, languages spoken and accolades and certifications. Since they debuted, 78% of the profiles have been updated. The profiles appear on Travelsavers' U.S. and Canadian consumer websites, the Affluent Traveler Collection's consumer website and Your Vacation Specialists, which features NEST advisors. The profiles were "our No. 1 requested program," Mazza said. She noted AMG has been investing heavily in technology, including lead generation and digital campaigns. Investments also include putting more and more content into TripXpress, the booking platform for Travelsavers and NEST advisors, as well as creating a new marketing hub where advisors can manage email and direct mail marketing in one place. A new deep link program enables advisors to link to tripXpress directly from their webpages, blog posts or social media, bringing consumers directly into the booking process. "We have quite a few advisors who work with influencers and they like to market this way," Mazza said. Education updates AMG is in the process of relaunching its Kore educational platform, with the updated version of the platform coming in December, Travelsavers chief sales officer and NEST president Kathryn Mazza-Burney said. Kore was originally designed for new-to-the-industry advisors. It was AMG's way of training them then matching them with agencies. However, as time has gone on, more and more advisors with some years selling travel under their belts have begun taking the course as a refresher. To date, around 250 have graduated from Kore. Its relaunch will bring three main facets: accreditation for graduates, the ability to customize the platform by agency and it will be mobile friendly. It will also update topics, add more interaction via exercises and gamification and feature shorter modules "It's taken it to the next level," Mazza-Burney said.

Optimism for 2025 growth is waning with Travelsavers and NEST advisors, survey shows
Optimism for 2025 growth is waning with Travelsavers and NEST advisors, survey shows

Travel Weekly

timean hour ago

  • Travel Weekly

Optimism for 2025 growth is waning with Travelsavers and NEST advisors, survey shows

ORLANDO -- A new survey of Travelsavers and Network of Entrepreneurs Selling Travel (NEST) members has found that advisors' outlook on 2025 sales has dampened since last fall, but overall, the networks are still seeing growth this year. Details and commentary on the survey were released last week during a press conference at AMG's Travel Market 2025 conference, held at the Hyatt Regency Grand Cypress Resort here. "When we compare our revenue year on year, we are still seeing growth," said Nicole Mazza, chief marketing officer at parent company American Marketing Group (AMG). "It might be small, single-digit growth, but it's growth, which is great, especially given the environment we're currently in today. We're in a volatile environment." The most recent survey, conducted in April and May, found that 12% of advisors said 2025 sales will increase significantly and 34% predicted sales will increase somewhat, while 22% predicted sales would stay the same. Another 26% expected sales to decrease somewhat this year, and another 6% said sales will decrease significantly. Compare those numbers to the survey done last October and November, when 27% of respondents predicted sales would increase significantly in 2025, while the majority, 52%, predicted sales would increase somewhat. Eighteen percent said sales would stay the same, while 4% predicted sales would decrease somewhat. "Yes, a little decreased optimism," said Betsy Goldberg, senior corporate communications director for Travelsavers. "But that's still roughly half of the advisors who think their sales are going to go up. I think that's pretty indicative." What concerns clients Goldberg said advisors' clients have a number of different concerns, most centered around price and consumer confidence. Advisors reported that their clients were most concerned about the high cost of travel (50%), inflation and rising prices (41%), lack of consumer confidence in the economy (34%), geopolitical issues (29%) and safety in certain regions (26%). • Travel Weekly survey: Bookings decline, but not across the board As a result, Goldberg said, advisors are turning to tactics like recommending less expensive destinations, flexible travel time, using loyalty points, taking fewer trips, taking shorter trips and opting for less expensive accommodations. Overall, AMG is reporting travel is up in all segments, albeit at a slightly muted pace in some categories compared with last year. Cruise vacations, up 16% year over year in 2024, are up 6% in 2025. Sun vacations, up 5% in 2024, are up 13% this year. FIT vacations, up 4% in 2024, are up 8% this year. Guided vacations, up 11% in 2024, are up 6% this year. River cruises, up 15% last year, are up 16% this year (percentages from 2025 are reflective of first-quarter results). "It's tough to constantly have that trajectory up," said Mazza, who noted the industry likely won't see a true normalization of booking patterns until 2026.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store