Non Homestead Cap (10%)
Constitutional Amendment 1, approved by voters on January 29, 2008, was a provision to limit increases in the annual assessment of Non-Homestead properties to ten percent (10%). The base-year for implementing this change was 2008 and assessments were capped beginning in 2009.
- There is no application for the Non Homestead Cap as it applies automatically.
- Changes in ownership and use resets the Non Homestead Cap base year following the change. For example, filing a homestead exemption application removes the Non Homestead Cap.
- The Non-Homestead Cap limits increases in the assessed value to 10%, excluding School Board assessments.