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What is the difference between “deferred amount” and the Save Our Homes Cap?

April 26, 2017cap homes

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What is the difference between “deferred amount” and the Save Our Homes Cap?

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The Save Our Homes Cap is the amount of percentage increase that homesteaded properties may increase by each year. The deferred amount is the aggregate value of your property that is not being taxed as a result of the Cap limitations.