Save Our Homes:
Voter Approved Protection for Home Values
The Save Our Homes amendment creates a long-term buffer for full-time residents by limiting assessment increases.
Over time, this creates a growing gap between just value and taxable value—but that’s the point. It allows homeowners to stay rooted in their communities, even as housing markets fluctuate wildly.
Because assessments grow slowly, capped at 3% per year (or the lower CPI), homeowners benefit from predictable, stable tax bills while neighborhood values rise and fall around them. That stability was voter-approved to reward commitment to Florida as a year-round home, not a short-term investment.
Save Our Homes is not just a one-time break; it compounds. The longer you own your home, the wider the gap becomes between its market price and what you actually pay in taxes, building equity and shielding families from sudden spikes that could force moves or financial strain.
3% Cap per Year
Assessed value for homestead homes can’t rise more than 3% annually (or CPI, whichever is lower), even when market prices surge.
Benefit Moves With You
Sell and buy another Florida homestead – your SOH protections can transfer, keeping your savings intact.
2024 Tax Relief: $312B
Save Our Homes helped full-time Florida homeowners keep roughly $312 billion in tax value in 2024 by limiting annual assessment increases.
How Florida Homeowners Save with Save Our Homes
These charts show how Save Our Homes grows the gap between market value and taxable value over time in several Florida cities—giving full-time owners real, predictable savings.
