A Sarasota, Fla. retiree, Joseph McCarthy, says the 12% increase in his home’s value as determined by the local property appraiser’s office after having his roof replaced told a reporter at the Sarasota Herald-Tribune he felt “cheated” out of protections in Florida's ‘Save Our Homes’ law.
The law, passed in 1992 by a voter referendum on amending the state constitution, capped increases in assessed values on homesteaded property at 3% per year.