The 10% non-homestead assessment cap applies to which types of property?

• A. 2nd homes, commercial, and unimproved land
• B. Primary residences
• C. Government buildings
• D. Farmland only

Answer: (A)

In Florida, the 10% non-homestead assessment cap limits how much the assessed value of property that isn’t your primary residence can rise each year. This mainly affects properties held for investment or business use—such as a second home, commercial property, or unimproved land—so their assessed value can generally increase no more than 10% annually ( barring new construction or reassessments tied to changes in value). Primary residences aren’t subject to this cap because they fall under the Save Our Homes protections, and government buildings are typically exempt from property taxes. Farmland often has its own agricultural assessment rules, which differ from the 10% cap. So the types that fit the cap are second homes, commercial properties, and unimproved land, making the first option the best choice.