Save Our Homes

What Is "Save Our Homes"?

"Save Our Homes" (SOH) spearheaded by Mr. Wilkinson, approved by Florida voters in 1992, effective January 1, 1995.  SOH places a limitation of 3% on annual assessment increases on homestead exempt property. For all property first granted homestead exemption in the prior year, that year's assessed value will be the base value for the implementation of "Save Our Homes". Thereafter, the assessed value will not increase more than 3% or the percentage change in the Consumer Price Index, whichever is less. The property's market value may differ from SOH assessed value. SOH assessed value will never be greater than market value.

Bonita Springs, Florida and Lee County residents can access the homestead exemtion form at the Lee County Property Appraiser website.

 

2 Comments on Save Our Homes

Chris, what do you think about the idea of making it portable.... Dont you think that would really make our Market take off????

Think about all the people in the Gigantic Homes, Kids all grown up and they cant afford to move because of the whole Tax thing.

12/03/2006 09:53 AM by Cape Coral Real Estate 239-443-8795 - Jay LaGace (Century 21 Birchwood Realty)


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Real Estate Agent: Chris Elizabeth Griffith ~  Bonita Springs Fl Real Estate (Keller Williams Elite Realty, Bonita Springs, FL)
Chris Elizabeth Griffith ~ Bonita Springs Fl Real Estate
Bonita Springs, FL
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Keller Williams Elite Realty, Bonita Springs, FL

Office Phone: (239) 273-7430
Cell Phone: (239) 273-7430
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Buyers and Sellers of real estate deserve the truth, reponsiveness and information. Let me show you why Southwest Florida is a great place to live and invest in real estate.

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