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The 1995 Save our Homes amendment to the Florida Constitution ensures that the assessed value of property with a homestead exemption cannot increase more than 3% or the percent change in the Consumer Price Index (CPI), whichever is less.
Millage Rate data provided by the Florida Department of Revenue. The millage rate is the amount of property value that is used to calculate local property taxes. Assigned millage rates are multiplied by the total taxable value of the property to arrive at the property taxes.
The 1995 Save our Homes amendment to the Florida Constitution ensures that the assessed value of property with a homestead exemption cannot increase more than 3% or the percent change in the Consumer Price Index (CPI), whichever is less.
Millage Rate data provided by the Florida Department of Revenue. The millage rate is the amount of property value that is used to calculate local property taxes. Assigned millage rates are multiplied by the total taxable value of the property to arrive at the property taxes.
Under Florida Law, properties are allowed a limit on the amount the assessed value may increase each year, known as the homestead Save Our Homes (SOH) 3% cap and the non-homestead 10% cap. Overtime, these caps can reduce the amount of property taxes paid as they are calculated on assessed value.
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Property Taxes Monroe County has the highest per capita property tax levies, totaling $3,435 in tax year 2021.
A millage rate is the rate at which property taxes are levied on property. A mill is 1/1000 of a dollar. Property taxes are computed by multiplying the taxable value of the property by the number of mills levied.
You can find the millage rate for an individual property on the property deed itself or by calling your municipal tax office.
Property Taxes Monroe County has the highest per capita property tax levies, totaling $3,435 in tax year 2021.
A mill is 1/1000 of a dollar. Property taxes are computed by multiplying the taxable value of the property by the number of mills levied. The millage rate can be found on the property tax statement or by contacting your local city/township/village assessors office.

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