AMENDMENT 10 GENERAL INFORMATION
Beginning January 1, 1995 , the assessed value of property receiving Homestead Exemption will be limited in the amount of increase from the assessed value for the prior year. The increase shall not exceed THE LESSER OF 3 percent of the assessed value of the property for the prior year; or the percentage change in the Consumer Price Index (ie: 1995 = 2.7%).

Property must still be valued at Just Value as of January 1st of each year. If the increase on a property receiving Homestead Exemption would be more than the Amendment 10 limit allows, only the allowable amount of increase will be passed through Assessed Value. The remaining increase will be held to be added as Assessed Value on future assessment rolls until the entire amount of Just Value is shown as Assessed Value. If revaluation at Just Value results in a decrease, the assessment will be reduced to reflect the decrease.

Homestead property will be assessed at Just Value following a change in ownership. A change in ownership includes any sale, foreclosure or transfer of legal title or beneficial title in equity to any person. Also, property will be assessed at Just Value following removal of Homestead Exemption for a valid reason where there is no change in ownership.

Changes, additions or improvements to homestead property shall be assessed at Just Value for the roll to which they are added. Such changes, additions or improvements shall be subject to the assessment limitation in following years.

No portion of a homestead exempt property that is assessed as agricultural; assessed subject to conservation easement or restrictions; or land that is assessed as historically significant property, can enjoy the assessment limitation placed on the homestead. Only a persons proportionate interest of a homestead will be subject to the homestead assessment limitation.

If the property appraiser discovers that a person was not entitled to the homestead assessment limitation within the prior 10 years, the property appraiser must record a notice of tax lien against any property owned by that person in the county. Such property located in this state is subject to the unpaid tax, 50% penalty and 15% interest per annum.

DOR Rules 12D-8.0061 through 12D-8.0064 fs 193.155

 

 

 

Disclaimer

This information was derived from data which was compiled by the Columbia County Property Appraiser's Office solely for the government purpose of property assessment. The information shown is a work in progress and should not be relied upon by anyone as a determination of the ownership of property or market value. No warranties, expressed or implied, are provided for the accuracy of the data herein, it's use, or it's interpretation. Although it is periodically updated, this information may not reflect the data currently on file in the Property Appraiser's Office.  The assessed values are NOT CERTIFIED values and therefore are subject to change before finalized for ad-valorem assessment purposes.

Notice:
Under Florida Law, e-mail addresses are public record. If you do not want your e-mail address released in response to a public-records request, do not send electronic mail to this entity. Instead contact this office by phone or in writing.



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