A qualifying primary residence gets a $25,000 exemption plus an additional inflation adjusted exemption, bringing the combined total above $50,000 in taxable value reduction for most non-school taxes in 2026. On top of that, Save Our Homes limits how much your assessed value can rise each year to the lower of 3 percent or the change in the Consumer Price Index, which is especially valuable in a fast-appreciating market like Sarasota. Together these benefits commonly save a typical homeowner several hundred to several thousand dollars a year depending on home value and how long the exemption has been in place. The exemption only applies to one primary residence, so a second or investment property in the portfolio will not qualify.
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Our team of local experts is ready to guide you through the home-buying or home-selling process. We are committed to fast, professional, and courteous service to help you understand and feel at ease throughout the entire transaction. Our trained and licensed agents specialize in the Greater Sarasota area real estate market and are prepared to find the right home if buying, and get the best price when you sell.