FREQUENTLY ASKED QUESTIONS

 

10% Non-Homestead Assessment Cap

 

 

• What is non-homestead property?

Non-homestead property is any property that is not receiving a homestead exemption, such as vacant land, commercial and rental properties.

 

 

• When will this 10% cap become effective?

This cap is effective for the 2009 tax roll, beginning January 1, 2009.

 

 

• How do I apply for the 10% cap?

There is no application process.  If you are eligible to receive the cap, it will be applied to your property automatically. The Department of Revenue is currently in the process of determining what properties will be eligible for this cap.

 

 

• Does the 10% cap apply to all millages?

No, the cap does not apply to the school board millage.