That 13.6-percentage-point difference was the second-largest among the 100 largest U.S. metro areas examined. Only Lakeland-Winter Haven had a wider gap. Across the metros studied, property taxes rose faster than home values in 46; nationally, home values grew 12.4% and property taxes 10.6% over the same period.

The ranking looks different over a longer window. From 2019 to 2024, Jacksonville-area home values increased 63.1%, compared with a 44.9% rise in property taxes. The analysis said home values surged by double digits in 2021 and 2022, then growth slowed in 2023 as 30-year mortgage rates rose to about 7%, citing a U.S. Department of Housing and Urban Development assessment of the local market.

Florida voters are scheduled to decide on Amendment 3 in the Nov. 3 general election. If approved, the proposal would raise the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028, with future inflation adjustments. It would also lower the annual assessment-increase cap for non-homestead properties from 10% to 5%, according to the Florida Department of State.

The metro ranking compares the percentage-point change in property taxes with the change in home values from 2022 to 2024, the latest comparable two-year period available when the analysis was published. The figures describe trends across the metro area and do not indicate that every homeowner’s bill changed by the same amount.