Now that Amendment 1 passed, the Legislature will be implementing the amendment’s provisions. At this point, there is a bill filed in the Florida Senate which would require all non-homestead owners to file an application with the Property Appraiser each year in order to be entitled to the 10% cap on increases in assessment.
Also, 2008 will be the base year for such capped increases, so property owners should pay careful attention to their 2008 assessments. The 2008 working assessments will be online in most counties. The best time to negotiate changes in the 2008 assessment is supposedly from March through May.