Not exactly. If you are homesteaded, there is a limit on how much the assessed value of the house can increase each year. The property taxes (typically county and school) are computed from the assessed value minus homestead (and possibly other) deductions, times the millage rate. So, your taxes can increase if the assessed value and/or the millage rate increases. The assessed value will be reset at time of sale. If you have Florida portability and move to a different home, the spread between the market and assessed value of your previous home will come with you to impact the new assessed value.
As an example, in 2019 in Sumter County, many people realized about a 2% increase in the assessed value of their home plus the County tax millage rate increased by about 25%. Therefore, the County tax increased by more than 25% for many people. The School tax millage rate stayed about the same so only minimal increases to the School tax. In 2020, the Sumter County millage rate dropped a bit so the County taxes typically came down.
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Originally Posted by petsetc
Also-as I recall, tax increases are capped for Florida residents but reset at time of sale.
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