Monday, June 21, 2010

What is a homestead cap?

A homestead cap keeps you from getting hit with a huge increase in property tax on your home. A big increase...that's OK. But a really big one will get stopped in its track if your city or county has a homestead cap that keeps the appraised value of your home from increasing too rapidly.  In so doing, it also keep your property tax from increasing too fast.

Need more information? Newspaper archives are one of the best online research tools.