Taxable property values in Leon County shows largest increase in a decade
Special to the Outlook
Leon County Property Appraiser Akin Akinyemi announced that the preliminary 2022 tax roll has been submitted to the Florida Department of Revenue and local taxing authorities.
According to the preliminary tax rolls, taxable property values in Leon County have increased approximately 9.33 percent from 2021 to 2022, with overall market values showing an increase of over 11 percent since last year.
The values were based upon market conditions as of Jan. 1, 2022.
“Real estate in Florida has seen significant demand driven by a large influx of new residents and limited supply, resulting in surges in property values,” Akinyemi said. “Leon County is not immune from these factors and has seen record appreciation over the last several years.
“These values amount to the largest increase in taxable values seen in over a decade.”
Local taxing authorities, including Leon County, the City of Tallahassee, and Leon County Schools, rely on these preliminary values to determine their proposed millage (tax) rates and to prepare their upcoming operating budgets. In August, property owners will be mailed a Notice of Proposed Property Taxes and Non Ad Valorem Assessments, also known as a TRIM (Truth in Millage) Notice, which will detail the value of their property, proposed tax rates, and public hearing information.
