Property Ownership
Florida's Save Our Homes (SOH) amendment limits the annual increase in assessed value of a homestead property to:
A1% per year
B3% or the CPI, whichever is less✓ Correct
C5% per year
D10% or the CPI, whichever is greater
Explanation
Florida's Save Our Homes amendment caps the annual increase in the assessed value of a homestead property at 3% or the Consumer Price Index (CPI), whichever is less, protecting long-term homeowners from rapidly increasing tax bills.
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