What is the Florida property tax cap, and how does Save Our Homes protect my Miami home?

Florida's Save Our Homes (SOH) amendment caps annual assessed-value increases at 3% (or CPI, whichever is lower) for homesteaded primary residences. Combined with the $50,000 Homestead Exemption, it's the single biggest tax shield for owner-occupants in Miami-Dade, but it does NOT apply to investment property or non-resident foreign buyers.

What's the difference between CDD and HOA fees, and which is better?

HOA fees pay for ongoing community management (maintenance, amenities, insurance for common areas). CDD fees pay back municipal bonds that financed initial infrastructure (roads, water, drainage), they're a property tax-like assessment on top of HOA. CDD-free communities like Pulte's Coral Edge save $30–60k over a 30-year hold versus comparable CDD communities.

Comparison · Homestead vs Florida City

Homestead vs Florida City, Rental Yield Comparison

COCarolina OrtizSenior Advisor · Latin America Desk MTReviewed by Michael TanCompliance Reviewer · Tax & Visa

Updated May 28, 2026

Summary

Florida City has 30% lower entry prices than Homestead for nearly identical product, producing 1.5–2.0 percentage points higher gross cap rate. Homestead has slightly better long-term appreciation potential and better schools.

Detailed content coming soon.

Dimension	Homestead	Florida City
Entry townhome price	$390–450k	$335–390k
Gross cap rate	5.0–6.0%	6.5–8.0%
Appreciation 10-yr CAGR	4.5%	3.5%

Detailed verdict coming soon.

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