Save Our Homes limits the annual increase in a homestead property's assessed value to 3 percent or the change in the Consumer Price Index, whichever is lower, and the 2026 CPI figure keeps the actual cap below 3 percent this year. If you already have a homesteaded Florida property, portability lets you transfer up to 500,000 dollars of your accumulated savings to a new Florida homestead, and that transfer works whether the new home costs more or less than the old one. You must establish the new homestead by January 1 of the third year after leaving the old one. A separate proposal to raise the portability cap failed in the 2026 legislative session, so 500,000 dollars remains the ceiling for now.
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