Tax Reform Information
November, 2012 Amendments
On November 6, 2012, Florida voters approved three constitutional amendments that affect exemptions for first responders,
seniors, veterans and homestead property in Florida. Here is a link to the State of Florida, Department of Revenue’s latest information
on those amendments. Keep checking back on our site; as we get more information we will pass it on to you.
2012 Ballot Initiatives/Amendments
November, 2008 Amendments
2008 Ballot Initiatives/Amendments
January, 2008 Amendments
On January 29th, the citizens of Florida voted on and approved a number of changes to the property tax system.
The Constitutional Amendment created new opportunities for taxpayers to obtain tax relief:
Increased homestead exemption
The additional exemption of up to $25,000 will apply to all levies except those
by school districts and other assessments for special benefits, and first
applies to the January 1, 2008 Tax Roll.
This additional exemption applies only if the assessed value of the property
exceeds $50,000, and it will apply to the amount by which the value exceeds
$50,000, up to a total additional exemption of $25,000 (that is, exempting the
assessed value between $50,000 and $75,000).
No further application would be necessary for those who are currently receiving
the homestead exemption and qualify for the additional exemption amount.
To receive benefit: Homeowners that are currently receiving the
homestead exemption and qualify will automatically receive the increased
homestead exemption. No action is necessary.
Portability of "Save our Homes" benefit
If you have an existing Florida homestead and you buy or move to a new home and
make it your homestead, some or all of the difference between your old
homestead's assessed value and its market value may be applied to the
assessment of your new home.
To receive benefit: If you received the Homestead Exemption on a home that
you sold or no longer claim as your homestead and have purchased or moved into a
new home, you may be eligible to take some or all of the benefit of "Save our Homes"
to your new home. In order to transfer the “Save Our Homes” benefit to your new
homestead, you must apply for Homestead Exemption as well as Portability on your
new home. You can apply online, by mail, or in person.
Examples, Forms and Instructions
10% annual assessment limitation for non-homestead property
The amendment makes an assessment cap available to owners of certain
non-homesteaded real property. This exemption limits the increase in assessed
value of the property to 10% per year for levies of all taxing authorities
other than school districts.
No application is required. The 10% cap is removed at the time an ownership change occurs.
Please contact the property appraiser if you have any questions.