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‘The math just doesn’t add up’

DeSantis also emphasized that families are already under financial pressure.

“You talk about a family of four, having the median home price that is purchased in Florida — that's a pretty hefty tax bill right there, when you come in after buying a home, when you consider what the average income is throughout the United States of America — the math just doesn't add up and I think that's why people want relief,” he said.

The surge in property taxes across Florida hasn’t gone unnoticed.

According to a Redfin report, the Sunshine State is home to three of the five major U.S. metros where property tax bills have increased the most since before the pandemic. In Jacksonville, the median monthly property tax rose 59.6% to $228 between 2019 and 2024. Tampa’s increased 56.7% to $250, while Miami’s climbed 48.1% to $367.

To help address the burden, DeSantis proposed a $1,000 property tax rebate for Florida homeowners, but the initiative has been left out of this year's budget and will be revisited for next year's ballot instead.

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Hedging against the rising cost of living

The blunt reality is, inflation has steadily pushed up the cost of living across America — and for many, investing in real estate has become a trusted way to help offset those increases.

When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts with inflation.

And while owning a home may feel increasingly out of reach, investing in real estate has become easier than ever thanks to Crowdfunding platforms like Arrived.

Backed by world class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants.

The process is simple: Browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you’d like to purchase, and then sit back as you start receiving positive rental income distributions from your investment.

Another option is First National Realty Partners (FNRP), which allows accredited investors to diversify their portfolio through grocery-anchored commercial properties without taking on the responsibilities of being a landlord.

With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns.

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Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

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