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.
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.