Portability of Save Our Homes benefits
The Save Our Homes (SOH) cap on increases in assessed value for homestead properties went into effect in 1995, limiting annual increases in Assessed Value to no more than 3% or the change in the Consumer Price Index (published by the US Department of Labor), whichever is lower, beginning in the year following the establishment of a homestead.
In January 2008, Florida voters overwhelmingly approved an amendment to the Florida Constitution granting added tax relief. Homesteaded property owners are now able to transfer some, or all, of their Save Our Homes benefits to a new homesteaded property.
Because SOH benefits are dependent on the grant year of the homestead exemption, each homestead has a unique portability scenario.
Contact our office, follow this link Portability Equations and Frequently Asked Questions or visit the Florida Department of Revenue website for more information.
| Save Our Homes Annual Increase | ||
|---|---|---|
| Year | CPI Change | Cap |
| 2024 | 3.4% | 3.0% |
| 2023 | 6.5% | 3.0% |
| 2022 | 7.0% | 3.0% |
| 2021 | 1.4% | 1.4% |
| 2020 | 2.3% | 2.3% |
| 2019 | 1.9% | 1.9% |
| 2018 | 2.1% | 2.1% |
| 2017 | 2.1% | 2.1% |
| 2016 | 0.7% | 0.7% |
| 2015 | 0.8% | 0.8% |
| 2014 | 1.5% | 1.5% |
| 2013 | 1.7% | 1.7% |
| 2012 | 3.0% | 3.0% |
| 2011 | 1.5% | 1.5% |