Bay County Property Appraiser

Main Office: 860 W. 11th Street, Panama City, FL 32401 | 850-248-8401 | Dan's Cell: 850-832-2668

Beach Office: 301 Richard Jackson Blvd, Panama City, FL 32407 | 850-248-8470

8:00 am - 4:30 pm CST M-F

Save Our Homes

The Florida Constitution was amended in 1992 to provide a limitation in annual increases to assessed value on residential property receiving a homestead exemption. After the first year of homestead exemption, the assessment for each following year cannot increase more than 3 percent (excluding additions or renovations) or the percent change in the Consumer Price Index (CPI), whichever is less. The accumulated difference between the assessed value and the just (market) value is the Save Our Homes (SOH) benefit.

Portability allows Florida homesteaders to transfer the SOH benefit to a new property.

A loss of homestead eligibility, or a change in ownership will result in removal of the SOH benefit and reassessment to just (market) value. (read more)