Central Florida Property Values Up as New Construction Booms

Property values across Central Florida are surging in 2025, driven by billions in new construction, say regional property appraisers. These increases are expected to boost local government tax rolls as budgets are prepared for the next fiscal year beginning October 1. But, the trend is also fueling debate over whether Florida homeowners are being overtaxed.

Despite higher interest rates and slower residential sales, property values have not declined. Every local government in the region is reporting increased taxable values, with some areas seeing double-digit gains.

In Orange County, Windermere leads with a 19% jump to $1.2 billion, aided by the annexation of the Chaine du Lac community. Apopka follows with a 14% rise to $8.2 billion. In Seminole County, Sanford’s taxable value grew nearly 11% to $6.7 billion, fueled by major residential developments near Celery Avenue.

Osceola County is also seeing sharp increases. St. Cloud’s values are expected to rise nearly 15% to $6 billion, and Kissimmee’s by 10.5% to $6.9 billion. Lake County’s fastest growth is in small cities like Montverde (up 24.6%) and Mascotte (up 21.8%), thanks to new housing developments.

The consistent rise in values has poured billions into local budgets, including a $1.7 billion increase in Orange County over five years. This trend has prompted Governor Ron DeSantis to advocate for a $1,000 property tax rebate for homeowners and long-term reforms, though the legislature has yet to act.

Market values — distinct from taxable values — are also rising across the region. Orange County’s estimated 2025 market value is $345.8 billion, up 4.6%. Seminole, Osceola, and Lake counties saw increases of 4.2%, 4.3%, and 6.3%, respectively.

As of May, Central Florida had over 12,000 homes for sale, with average time on market at 76 days. Mortgage rates remain high, averaging 6.87% for a 30-year fixed loan.

For more information about how these changes will affect YOUR real estate goals contact me today!

Read the original article on the Orlando Sentinel