PROPERTY SEARCH   |  SENIOR CITIZENS   |  HOMESTEAD & OTHER EXEMPTIONS   |  HOME BUYER'S TAX ESTIMATOR
ONLINE HOMESTEAD FILING
Home
Office Location
Appeals & Petitions
Maps & Aerials
Download Forms
F.A.Q.
Phone Directory
Library
Ask A Question
E-Mail Lori
Meet Lori
Outreach Calendar
Important Dates
Report Fraud
Newsletter
Legislation
Data Requests
Related Links
Jobs
RFPs & Bids
Lobbying
Site Index
Find us on Facebook
Follow us on Twitter

BCPA - SOH
Save Our Homes Amendment

Pursuant to the 1992 "Save Our Homes" (SOH) Amendment to the Florida Constitution, the assessed value of your Homestead property can increase by no more than 3% above last year's assessed value (or the consumer price index, whichever is less). The Florida Department of Revenue certifies the annual percentage amount for each year.

To give you an example: if your Homestead property was assessed at $100,000 in last year, and its market value increased to $125,000 this year, your maximum assessment this year is $103,000 (or 3% above last year's assessment). The 3% cap does not apply to the amount of taxes you pay, as the amount is based upon the millage (tax) rates set by your various taxing authorities including the School Board, County Commission, City Commission, hospital district, water management district, and other governmental entities. The Property Appraiser does not set any of your tax rates.

The only way your assessment can increase more than this is if there is a change in ownership, or you made physical improvements (build an addition, converted a garage into a new room, etc.) to your property that was not included in last year's assessment.

Important: Under Florida law, a homestead "recapture" rule may cause some taxable values to rise even when the overall market value dropped from last year. If you are Homesteaded and your "Save Our Homes" (SOH) value is less than the market value as of January 1, Florida Administrative Code Rule 12D-8.0062(5) explicitly orders our office to increase your overall assessed value each year (up to the 3% annual cap level) until it eventually reaches the same amount as the market value. The Florida Department of Revenue set this year’s SOH cap rate at 1.5%. Roughly 40,500 Broward homeowners saw their taxable SOH values rise in 2013 even though their market values dropped, due to this recapture law. Florida voters in 2012 rejected a proposed constitutional amendment to abolish the "recapture" rule.

For more info about the Homestead and Save Our Homes,
please contact our Customer Service & Exemptions Division:
Call 954.357.6830 or

Source: Broward County Property Appraiser's Office - Contact our office at 954.357.6830. Legal Disclaimer.

Under Florida law, e-mail addresses are public records. If you do not want your e-mail address
released in response to a public records request, do not send electronic mail to this entity.
Instead, contact this office by phone or in writing.