Media Contact: Nereia Cormier Wilson, HCPA Director of Communications. Tel. (813) 276-8930
TAMPA -- The Florida Department of Revenue (FDOR) has announced the 2025 cap for assessment value increases of Homestead property. Florida's Save Our Homes amendment limits annual assessment increases for homesteaded properties to 3% or the annual change in the Consumer Price Index (CPI), whichever is less.
In order to receive these benefits, you must apply and qualify for a Homestead Exemption, or already have a property that is receiving Homestead Exemption. If you have not applied for Homestead Exemption and own a property in Hillsborough County that is your primary residence, you can submit a Homestead application online by visiting this HCPA web page: https://hcpafl.org/E-Filing/Homestead-E-File
Important Reminder: The Save Our Homes cap begins the year after you receive Homestead Exemption. This cap does not cover new construction or construction that was not taxed before the “Save Our Homes” limit applied to a particular property. When buying/acquiring real estate, do not assume your property taxes will remain the same as the current owner’s taxes. Under Florida law, a change in ownership will reset the assessed value of the property to full market value, which could result in higher property taxes. To help property owners better prepare, our office offers a Tax Estimator on our website.
Provided there is no change in the ownership or use of the property, your Homestead Exemption automatically renews each year. If you are already receiving Homestead Exemption on your current home, you do not need to reapply. If you have not yet applied for your 2024 Homestead Exemption, Low-Income Senior Exemption, or any other exemption, late-filed applications are still being considered. To apply for any of these exemptions, please visit our Homestead Exemption application page.
For more information on the Save our Homes cap limits, as well as Portability, please call the HCPA at (813) 272-6100. You can also learn more by visiting the FDOR web site at this address: https://floridarevenue.com/property/Documents/pt112.pdf
DOWNTOWN TAMPA 15th Floor County Center 601 E. Kennedy Boulevard Tampa, Florida 33602-4932 Open 8:00am - 5:00pm / Monday - Friday View All Our Locations Phone: (813) 272-6100 Fax: (813) 272-5519 E-Mail Us!
The Hillsborough County Property Appraiser is an elected official charged with the duty and responsibility to appraise all of the property in the County. This includes real estate and tangible personal property (the equipment, machinery and fixtures) of businesses.
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