06/08/2026
Florida property tax changes could have a real impact on commercial real estate.
While proposals to reduce or eliminate certain homestead property taxes may benefit some homeowners, business owners, landlords, tenants, and investors need to understand the other side of the conversation.
If local governments collect less from primary residences, commercial and non-homesteaded properties could face more pressure through higher millage rates or increased operating expenses.
At the same time, Florida’s commercial lease sales tax repeal may help lower overhead for businesses leasing space.
The key is knowing how these changes could affect your full cost of occupancy especially if you’re in a triple-net lease where property taxes may be passed through to the tenant.
Before signing a lease or buying commercial property, review the rent, taxes, NNN charges, and long-term exposure.
Contact me today if you want help understanding how this could affect your next commercial real estate decision.