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: Florida Estate Planning Lawyer BlogWill I Lose My Homestead Exemption if I add someone to my Florida deed?
By David M. Goldman
Adding names to the ownership of your home normally does not change your $25,000 Homestead Exemption, BUT you may lose all or part of the protection your property receives from the Save Our Homes (SOH) assessment limitation or "cap". The SOH cap keeps the assessed value of your home from increasing more than 3% per year as long as you maintain your Homestead Exemption. A loss of protection from the SOH cap will increase the amount of property taxes you pay.
Full post as published by Florida Estate Planning Lawyer Blog on March 02, 2008 (boomark / email).
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