Property Tax Valuation and Income Limitation Rates

Save Our Homes

As provided in Section 193.155(1), F.S., beginning in 1995, or the year after the property receives homestead exemption, an annual increase in assessment shall not exceed the lower of the following:

Three percent of the assessed value of the property for the prior year; or
The percentage change in the Consumer Price Index (CPI) 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 U.S. Department of Labor, Bureau of Labor Statistics.

*The current successor report is the 1982 - 84 = 100 current series.

The CPI change amounts given in the chart at right are from the year prior to the year listed.

Save Our Homes Annual Increase
Year	CPI Change	Cap
2008	4.10%	3.00%
2007	2.50%	2.50%
2006	3.40%	3.00%
2005	3.30%	3.00%
2004	1.90%	1.90%
2003	2.40%	2.40%
2002	1.60%	1.60%
2001	3.40%	3.00%
2000	2.70%	2.70%
1999	1.60%	1.60%
1998	1.70%	1.70%
1997	3.30%	3.00%
1996	2.50%	2.50%
1995	2.70%	2.70%

Total and Permanent Disability Income Limitations

This represents the maximum income limitation for the total and permanent disability exemption granted under the provisions of section 196.101(4)(b), F.S. The limitation is adjusted annually by the percentage change in the average cost-of-living index during the immediate prior year.

Total and Permanent Disability Income Limitations
Year	% Change	Cap
2008	2.90%	$24,289.00
2007	3.20%	$23,604.00
2006	3.40%	$22,872.00
2005	2.70%	$22,121.00
2004	2.30%	$21,539.00
2003	1.60%	$21,055.00
2002	2.80%	$20,723.00
2001	3.40%	$20,159.00
2000	2.20%	$19,496.00
1999	1.60%	$19,076.00
1998	2.30%	$18,776.00
1997	3.00%	$18,354.00
1996	2.80%	$17,819.00
1995	2.60%	$17,334.00

Cost of Living Adjustments

This represents the maximum income limitation for exemptions granted under the provisions of section 196.1975(4), F.S. The limitation is adjusted annually by the percentage change in the annual cost-of-living index during the immediate prior year.

Cost of Living Adjustments
Year	Change%	Adjusted Income Limitation
		Single Person	Couples
2008	2.90%	$27,539.00	$30,917.00
2007	3.20%	$26,763.00	$30,046.00
2006	3.40%	$25,933.00	$29,114.00
2005	2.70%	$25,082.00	$28,159.00
2004	2.30%	$24,423.00	$27,419.00
2003	1.60%	$23,874.00	$26,803.00
2002	2.80%	$23,498.00	$26,381.00
2001	3.40%	$22,858.00	$25,662.00
2000	2.20%	$22,106.00	$24,818.00
1999	1.60%	$21,630.00	$24,284.00
1998	2.30%	$21,289.00	$23,902.00
1997	3.00%	$20,810.00	$23,365.00
1996	2.80%	$20,204.00	$22,684.00
1995	2.60%	$19,654.00	$22,066.00

Additional Homestead Exemption for Persons 65 and Older

As provided in Section 196.075, F.S., in accordance with s. 6(f), Art. VII of the State Constitution, the board of county commissioners of any county or the governing authority of any municipality may adopt an ordinance to allow an additional homestead exemption of up to $25,000 for any person who has the legal or equitable title to real estate and maintains thereon the permanent residence of the owner, who has attained age 65, and whose household income does not exceed the current adjusted income limitation in the chart to the right.

This exemption applies only to tax millage levied by the county or city that enacts the exemption, and does not apply to millage of school districts or other taxing authorities.

View the counties and municipalities that have implemented this special tax benefit... counties and municipalities

Senior Homestead Exemption
Year	% Change	Adjusted Income Limitation
2008	2.90%	$24,916.00
2007	3.20%	$24,214.00
2006	3.40%	$23,463.00
2005	2.70%	$22,693.00
2004	2.30%	$22,096.00
2003	1.60%	$21,599.00
2002	2.80%	$21,259.00
2001	3.40%	$20,680.00