Quote:
Originally Posted by golfing eagles
just got mine today also-----assessment went up by $278,000 but taxes down $338
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I thought taxes were capped at 3% a year.
In 1994 the State of Florida established a 3% Save Our Homes Cap (SOH) assessment limit on all residential properties that receive a homestead exemption. The 3% SOH Cap limits any increase to the assessed value of a homestead exempt property for tax purposes to a maximum of 3% each year or the amount of the change in the Consumer Price Index, whichever is lower.