← Glossary

Save Our Homes (Florida)

Florida’s constitutional cap limiting annual assessment increases on homesteads to 3%.

Save Our Homes is a Florida constitutional provision that caps the annual increase in the assessed value of a homesteaded property at 3% or the change in CPI, whichever is lower.

It can create a large gap between market value and capped assessed value over time, and the benefit is partially portable to a new Florida home. On sale, the cap resets — which is why new buyers often see a jump.

See if you’re overpaying

Check your property for $4.99 — credited toward your appeal if you proceed.

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