Quote:
Originally Posted by ton80
[B]Homestead Exemption Properties also get Save Our Homes limits on Property Appraisal Increases.[/B]
"In Florida, homes that qualify for the "Save Our Homes" limit on annual property appraisal raises are those that have a homestead exemption. This exemption is granted to the owner who uses the property as their primary residence and has filed for it. The Save Our Homes limit caps the annual increase in the assessed value of homesteaded property to 3% or the Consumer Price Index, whichever is less. "
In my case the savings are substantial. According to Sumter County Property Appraiser, my appraised value is about 58 % of their Market Value estimate. I get the Homestead rebate also.
This is a big benefit since you get good protection each year
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Yes, the Save Our Homes assessment limitation is also very valuable and saves a lot of money for some people. However, that was not what the OP asked about.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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