Central Florida property values are surging. Here’s where.
Growth in Central Florida continues to barrel forward, powered by double-digit increases in overall land values in Apopka, St. Cloud and much of Lake County, according to new reports from the region’s property appraisers.
Recently released “Best Estimates of Taxable Values,” annual reports the elected appraisers are required to provide to taxing authorities, show rising property values and billions in new construction have helped boost county tax rolls across the region over the past 12 months.
“I don’t see it slowing down.” said Orange County Property Appraiser Amy Mercado. “We’ve been pretty stable all along.”
Mercado said the best estimate of Orange County total market value for 2024 is $330.6 billion, up 5 percent from $313.9 billion in 2023. That includes $5.9 billion in new construction.
Total residential property values in Orange County rose about 9%, or $13.9 billion, to a new record high of $166.9 billion.
Apopka, the county’s second-largest city, boasts the greatest percentage increase in total taxable values from 2023, up 21% to $7.17 billion. Mercado said the total includes $403 million in new industrial construction and $155.6 million in new apartment construction. Orlando, by far the region’s largest city, is up 5 percent year over year.