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Save Our Homes

The Homestead Exemption includes the additional Save Our Homes benefit, which limits the annual increase of the assessed value of the home to 3%, or the Consumer Price Index (CPI), whichever is lower.

For 2025, the cap is at 2.9% due to the CPI change, as determined by the Florida Department of Revenue.

Base year is the first year an owner is granted Homestead Exemption. In the base year, the market value equals the assessed value. The following year, Save Our Homes kicks in for as long as the property has a Homestead Exemption.

The accumulated difference between the assessed value and the just (market) value is the Save Our Homes benefit.

Florida voters approved Save Our Homes as Amendment 10 in 1992. Save Our Homes then came into effect in 1995.

Property Transfer

The Save Our Homes limitation can only be transferred to another owner in the following cases:

  • Transfer between spouses (including dissolution of marriage)
  • Transfer to legal or natural dependents of the previous exemptee
  • Transfer of title is to correct an error