Florida Non-Homestead 10% Assessment Cap

Florida non-homestead 10% assessment cap explained for rentals and second homes: how it differs from Save Our Homes, when it resets, and when to still file VAB.

FAQ

What is Florida’s non-homestead 10% assessment cap?

It is an annual limit—commonly 10%—on how fast assessed value can increase for many non-homestead properties. It does not freeze just (market) value and differs from homestead Save Our Homes.

Does the 10% cap mean I should skip a VAB petition?

Not when just value exceeds market comps or the property record is wrong. The cap can blunt assessed-value growth, but a successful just-value reduction still matters for the long-term assessment path.

Does the non-homestead cap survive a property sale?

Often not fully. Ownership changes and certain use changes can reset assessment limitations so assessed value moves toward just value in later years. New owners should verify status on the property appraiser site.

How is the non-homestead cap different from Save Our Homes?

Save Our Homes applies to qualified homestead properties with a tighter annual limit (3% or CPI). The non-homestead cap is typically a higher 10% assessed-value limit for eligible non-homestead accounts.