Q: What is Save Our Homes
In 1992, Florida voters approved an amendment to the Florida constitution that limited
the amount of value a homestead property could increase on the tax rolls each year.
The law limits value increases to three percent or a figure equal to the Consumer
price Index - whichever is less.
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Q: Do you lose the benefit of Save our Homes if you move to a new house
No. Beginning January 1, 2008, you may transfer your SOH savings from your previous Florida homestead to your new homestead as a provision in Amendment 1 of the Florida Constitution.
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Q: If my Homestead assessed value is limited to three percent or less per year, does that mean my taxes cannot go up more than 3 percent a year
No. The taxing authorities determine your tax bill. They are the Tallahassee City Commission, the Leon
County Commission, Leon County School Board, and the Northwest Florida Management District. These
authorities can set the tax rate that causes taxes to be higher than three percent.
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Q: Is there an assessment limitation or cap on Non-Homestead Property
Yes. Beginning January 1, 2009, Non-Homestead property assessment increases will be capped at 10%. This cap applies to the assessed value for non-school
taxes only.
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