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Lakeland landlord says property-assessment spikes drove property-tax bill from $25,000 to $43,000
Summary
A Lakeland landlord told commissioners that rising property assessments sharply increased her tax bills, illustrating how stable millage can still leave property owners with higher payments when valuations climb.
Renee Madsen, a Lakeland resident who owns rental properties, told the City Commission during the budget hearing that a jump in assessed values sharply increased her tax bills, even though the commission is keeping the city millage rate flat.
"In 2021, with 15 properties, my property taxes were 25,000. In 2024, they were 43,000," Madsen said during the public-comment portion. She characterized the increase as "shocking" and said many of her properties are modest rentals where large rent increases are not feasible.
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