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Save Our Homes

In 1994, the Florida voters approved Constitutional Amendment 10, which included Save Our Homes for Homestead property owners. It automatically places a limitation on the annual assessment increases to 3% or the Consumer Price Index (CPI), whichever is less, as long as the property maintains a current and valid Homestead exemption. The annual assessment will increase every year until the Assessed Value reaches the current fair Market Value.

It is very important for you to know....
If the owner of record was entitled to a Homestead Exemption on January 1st and the property sells during that same tax year, the Homestead Exemption and the โ€œSave Our Homesโ€ Assessment Limitation will be removed on January 1st of the following year and the property returns to the Market Value. The Market Value becomes the Base Value for โ€œSave Our Homesโ€ purposes for the new owner who must apply for Homestead Exemption to be eligible for the limitation in future years.


ยฉ Copyright 2023 Hernando County Property Appraiser's Office

201 Howell Avenue, Suite 300, Brooksville, Fl 34601-2042
Phone (352) 754-4190
Fax (352) 754-4198

ยฉ 2024 Hernando County Property Appraisers Site Designed & Maintained by Hernando County Central GIS Department. GIS Maintained.