Florida Dept of Revenue
Tax Valuation & Income Limitation Rates
According to section 193.155, F.S., property appraisers must assess homestead property at just value as of January 1 of each tax year. In the year after the property receives the homestead exemption or 1995, whichever is later, the property appraiser reassesses the property annually on January 1. Any change in the assessed value resulting from the reassessment cannot exceed the lower of:
- Three percent of the property’s assessed value for the prior year.
- The percentage change in the Consumer Price Index for All Urban Consumers, U.S. City Average, all items 1967=100 or successor reports for the preceding calendar year as initially reported by the United States Bureau of Labor Statistics.
The Consumer Price Index
What is the Consumer Price Index (CPI)?
| Document |
Description |
Format |
| Save Our Homes |
Beginning in 1995 or the year after a property receives the homestead exemption, an annual increase in assessment cannot exceed established limits (section 193.155(1), F.S.).
|
 PDF
(117 KB)
|
| Total and Permanent Disability Income Limitations |
The maximum income limitation for the total and permanent disability exemption (section 196.101(4)(b), F.S.).
|
PDF
(119 KB)
|
| Cost of Living Adjustments |
The maximum income limitation for exemptions the property appraiser grants under section 196.1975(4), F.S.
|
PDF
(129 KB)
|
| Two Additional Homestead Exemptions for Persons 65 and Older |
Some county or city governments have adopted local ordinances under section 6(d) of Article VII of the Florida Constitution and section 196.075, Florida Statutes.
|
PDF
(134 KB)
|
| Cost of Living Adjustment to the Additional Homestead Exemption |
Beginning in 2025 the additional homestead exemption amount is required to be adjusted annually when the inflation adjustment is positive (section 196.031(1)(b), F.S.).
|
PDF
(105 KB)
|