CPA & Accounting Firms in Orlando, Florida

Orlando

Nicknamed “the City Beautiful,” Orlando, Florida, is an iconic city in Central Florida whose name precedes it. It is one of the most visited cities in the world, thanks to the presence of Walt Disney World and Universal Orlando Resort. These two tourist pilgrimage sites have been a staple in Orlando since the 1970s and 1990s, respectively, and have turned Orlando’s economy into a powerhouse. Along with these two sites, International Drive, an 11-mile road that serves as Orlando’s ‘Las Vegas Strip.’

Compared to other cities’ GDPs, no one comes close. Many countries don’t even come close. As of mid-2018, Orlando’s GDP hit the trillion-dollar mark, making it effectively the 17th most powerful economy if it were a sovereign country.

Housing in Orlando, Florida

Orlando has some fantastic neighborhoods. Highly rated neighborhoods include Ventura, South Semoran Lake Federica, Englewood Park, Vista East, LaVina, East Park, and Northlake Park at Lake Nona. Some of the more expensive homes can be located in Northlake Park with a median of ~$314,200, and the least costly in Lake Federica with ~$66,400.

Luckily for home buyers or those looking to move to Orlando, it can be extremely affordable. The housing market right now is as good as it can be and is an extremely sustainable city.

The average cost of a house in Orlando, Florida, is ~$250,000 and is looking to rise over the coming years. By the end of the decade, the average price for a home will be near ~$300,000. The housing market is steady and may fluctuate minorly overall.
Living in the Orlando/Kissimmee/Sanford metro area is doable, with an annual cost of ~$38,000. For the sheer star power of the city, it can be surprising that the area proves to be so affordable.

Taxes in Orlando, Florida

The sales tax rate in Orange County is 0.5%, and combined with Florida’s 6% comes to 6.5%. This is lower than a majority of other Floridian cities, which usually hover around 7.5%. The average property tax paid in Orlando, Florida, is approximately 3.34% of one’s annual income. While the property taxes are higher, the property value is considerably higher than in areas of the United States.

Useful Links

• Visit Orlando — Tourism
• City of Orlando – Government Site
• Housing in Orlando, Florida
• Permits
• Digital Permits Portal
• Tax Tools in Orlando, Florida