Quote:
Originally Posted by Bill14564
The primary reason my taxes went down was the Save Our Homes cap on the assessment increase for homes with a Homestead exemption.
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Quick question on the SOH cap. As I understand it, that only applies to assessed value of the home but the tax rate has no cap on it. So even though my assessed value only goes up 3% - my taxes could go up 50% (in theory). Is that correct?