Florida Rulebook · 193.155(1)-(3), Florida Statutes
How much can a Florida homestead's taxable value go up each year?
Florida limits how fast the assessed value of a homestead can rise. This is often called "Save Our Homes." Each year the increase is capped at 3% or the inflation rate, whichever is lower. After a sale, the home is reset to full market value the next January 1.
What the law says
- A home is assessed at just value (market value) as of January 1 of the year it first gets the homestead exemption (193.155).
- Each year after, the assessed value may not rise more than the lower of 3% or the change in the Consumer Price Index for the prior year (193.155(1)).
- If the capped value is higher than just value, it is lowered to just value (193.155(2)).
- After a change of ownership, such as a sale, the home is assessed at just value as of January 1 of the next year (193.155(3)(a)).
- This reset is why a buyer's taxes can be higher than the seller's (see also the property tax disclosure in 689.261).
“Any change resulting from such reassessment shall not exceed the lower of the following: (a) Three percent of the assessed value of the property for the prior year”
193.155(1)-(3), Florida Statutes
Who this is for
Buying · Selling
Last checked against the official text on November 5, 2026. Laws change, and the official text always wins. This is general information, not legal advice. For your own situation, ask a Florida real estate attorney.
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