Florida’s real estate market is presenting a varied picture as preliminary 2026 property values are released. While some counties are experiencing modest growth, others are seeing a dip, reflecting diverse local economic conditions and market dynamics across the Sunshine State. These figures are crucial for local governments as they begin budget preparations for the upcoming fiscal year.
Key Takeaways
- Indian River County reported a 6.07% increase in taxable property value, reaching $33.7 billion.
- Martin County’s property value growth has slowed for the fourth consecutive year, with a 1.8% increase in market value.
- Lee County experienced a dip in overall property values, estimated to be $4.25 billion less than the previous year.
Indian River County Sees Modest Growth
Indian River County’s taxable property value saw a healthy increase of 6.07%, climbing from $31.7 billion to $33.7 billion. Property Appraiser Wesley Davis described the real estate market as "still healthy." Fellsmere led the county in percentage growth with a 10.01% increase, attributed to new construction and rising market values. Indian River Shores also saw a significant rise of 7.16%, while Vero Beach experienced a 5.38% increase. Sebastian had the smallest percentage increase at 4.19%. These preliminary figures, based on Jan. 1 values, will be used by local taxing agencies for their 2026-2027 budget planning.
Martin County’s Slowing Growth Trend Continues
In Martin County, the growth in property values has decelerated for the fourth year in a row. The market value of property across the county increased by only 1.8% in 2025, a significant slowdown from the double-digit growth seen in 2021 and 2022. Property Appraiser Jenny Fields noted that this trend follows a strong post-COVID-19 housing market fueled by an influx of buyers from other states. Despite the slower market value growth, the taxable value of property in Martin County rose by 5.9% over 2024, which could potentially lead to higher property taxes if tax rates are not adjusted. Jupiter Island and Sewall’s Point saw notable increases, while Ocean Breeze experienced a 2% decline in market value.
Lee County Property Values Decline
Lee County is facing a different scenario, with preliminary estimates indicating a decrease in overall property values. According to Property Appraiser Matt Caldwell, the total value of all property in Lee County is estimated to be $4.25 billion less than it was a year ago. Fort Myers Beach is noted as an exception to this downward trend.
Statewide Tax Implications
These fluctuations occur against a backdrop of statewide changes to property taxes. The Homestead Exemption has seen increases, with further adjustments tied to inflation. Governor Ron DeSantis has also proposed a significant increase to the Homestead Exemption, which, if approved, could impact municipal budgets. Residents will receive TRIM notices in August detailing their property’s value changes and potential tax implications.
Sources
- Florida county experiences increase in estimated property values, Treasure Coast News.
- Property value growth slows for fourth year in a row in Florida county, Treasure Coast News.
- Lee County, Florida 2026 property values dip, The News-Press.