Part 2/9:
In recent years, the Florida housing market has experienced an influx of demand, leading to skyrocketing home values. Many Floridians who bought homes for a modest price decades ago now find their property assessments reaching into the millions. While this increase in home value benefits those who own their homes outright, it poses a severe challenge when local governments reassess properties and demand increased property taxes, straining the budgets of many homeowners.