During the boom, Florida’s Save Our Homes tax break pitted neighbor against neighbor. It was common for identical condos in a building, or similar houses on a block, to receive widely different tax bills depending on when the owner bought.

But during the real estate bust, the value of the Save Our Homes tax break has plummeted.

The break will shelter $14.6 billion in homesteaded property value from taxes this year, down from $29 billion in 2008, Palm Beach County Property Appraiser Gary Nikolits said this month at the Economic Forum of Palm Beach County.

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In the News by David F. Carr