{
 "question": "Do property taxes reset after I buy?",
 "url": "https://shenandoahmiami.com/answers/property-taxes-after-buying/",
 "answer": "In Florida, a sale resets the property's assessed value to market value as of January 1 of the year after the change of ownership, under Fla. Stat. §193.155(3)(a). The seller's Save Our Homes cap does not carry over. New owners in Miami-Dade apply for the homestead exemption by March 1.",
 "short": "Resets next Jan 1",
 "category": "Buying",
 "dateModified": "2026-10-30",
 "dataThrough": "2026-09-28",
 "author": {
  "name": "Gatien Salaun",
  "brokerage": "Coldwell Banker Realty",
  "license": "SL3347568",
  "url": "https://shenandoahmiami.com/about/"
 },
 "attribution": "Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period September 27, 2022 through September 28, 2026. Data is deemed reliable but is not guaranteed accurate by the MLS and may not reflect all real estate activity in the market.",
 "table": {
  "caption": "Florida property tax rules after a purchase, checked October 29, 2026.",
  "columns": [
   "Item",
   "Rule in Florida",
   "Source"
  ],
  "rows": [
   [
    "Change of ownership",
    "Assessed at market value as of January 1 of the following year, with listed exceptions such as spouses",
    "§193.155(3)(a)"
   ],
   [
    "Save Our Homes cap",
    "Homestead assessed value rises each January 1 by the lower of 3% or the CPI change",
    "§193.155(1)"
   ],
   [
    "Homestead exemption",
    "First $25,000, plus an additional exemption on assessed value above $50,000 for levies other than public education: $26,411 in 2026, indexed yearly",
    "§196.031(1); Dept. of Revenue"
   ],
   [
    "Application deadline",
    "On or before March 1",
    "§196.011(1)(a)"
   ],
   [
    "Portability",
    "New homestead assessed value reduced by the lesser of $500,000 or the difference between the prior home's market and assessed values",
    "§193.155(8)(a)"
   ],
   [
    "Non-homestead cap",
    "10% annual increase in assessed value for levies other than public education; reset to market value on change of ownership",
    "§193.1555(3), (5)"
   ],
   [
    "Tax bill timing",
    "Due November 1, delinquent April 1 of the next year; the lien attaches January 1 of the tax year",
    "§197.333, §197.122"
   ]
  ]
 }
}