Transfer Of TitleTaxesMEDIUM
Florida's Save Our Homes amendment limits annual assessment increases on homestead property to:
Correct Answer
B) 3% or CPI, whichever is lower
Save Our Homes limits annual assessed value increases to 3% or the Consumer Price Index, whichever is lower.
Answer Options
A
2%B
3% or CPI, whichever is lowerC
5%D
10%Audio Lesson2 min
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Related Concepts
Many states have laws to limit how much property taxes can increase each year, regardless of market value fluctuations.
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