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Transfer of Homestead Assessment Difference Reset Form Print Pcpao

Transfer of Homestead Assessment Difference Reset Form Print Pcpao

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[Music] hi I'm Jenny Fields your Martin County property appraiser if you are a homeowner and have the homestead exemption I'm sure you are aware that your assessed value is limited from increasing year toe to a maximum of 3% but did you know that even your non-homestead properties benefit from an assessment limitation in 2008 a constitutional amendment was passed stating that the assessed value on all non-homesteaded property shall not exceed 10% from the prior year that means the assessed value on every property that is not receiving the benefit of the Agricultural classification conservation lands or homestead exemption would now be limited from increasing more than 10% annually types of properties that typically fall into this category are properties like rental dwellings vacant land commercial and Industrial the difference between the 10% cap and the 3% cap on homesteaded properties is that the 10% cap on assessed value does not apply to levies by the school board a

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