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Homeowners can transfer (or PORT) the difference between the assessed and market values from their previous Homestead Property (known as the Homestead Assessment difference) to another Homestead Property up to $500,000.

homestead property to a new homestead property within two years of abandoning your existing or prior homestead. Portability was made possible with the passage of Amendment 1 to the State Constitution in 2008 by Florida voters. The Save Our Homes savings is the difference in Market Value and Assessed Value.

Portability of Save Our Homes. It's the ability to transfer the Save Our Homes cap (the difference between your market value and assessed value) from an existing homestead to a new homestead. Portability became effective January 1, 2008, with the passage of Amendment 1.

Portability benefit can reduce tax burden for property owners moving into larger or smaller homes. ... That benefit is portability, which is the ability to carry accrued property tax savings from one piece of property to another.

Florida's Save Our Homes (SOH) provision allows you to transfer all or a significant portion of your tax benefit, up to $500,000, from a Florida home with a homestead exemption to a new home within the state of Florida that qualifies for a homestead exemption. This is referred to as portability.

That benefit is portability, which is the ability to carry accrued property tax savings from one piece of property to another. ... Save Our Homes limits the annual increase in a property's assessed value to no more than 3 percent, even if its market value increases more.

That benefit is portability, which is the ability to carry accrued property tax savings from one piece of property to another. ... Save Our Homes limits the annual increase in a property's assessed value to no more than 3 percent, even if its market value increases more.

Florida's Save Our Homes (SOH) provision allows you to transfer all or a significant portion of your tax benefit, up to $500,000, from a Florida home with a homestead exemption to a new home within the state of Florida that qualifies for a homestead exemption. This is referred to as portability.

You cannot transfer your homestead exemption when you move from a previous Florida homestead to a new Florida homestead. However, you may be able to transfer all or part of your homestead assessment difference. ... For more information, please read the Save Our Homes Assessment Limitation and Portability Transfer brochure.

Florida law provides for lower property tax assessments on homestead property. Under the Florida Constitution, every Florida homeowner can receive a homestead exemption up to $50,000. The first $25,000 in property value is exempt from all property taxes, including school district taxes.

Generally, a married couple is entitled to only one homestead exemption. ... If one of the spouses resides in another state and receives an ad valorem tax reduction with respect to his or her residence, generally, the spouse living in Florida is not entitled to a homestead exemption for his or her Florida residence.

Under Florida law, homeowners must file for a homestead exemption by March 1 of the tax year for which the exemption is being requested. For example, in order to receive a 2017 homestead exemption, you would need to file by March 1, 2017. ... However, you can go ahead and apply for an exemption to begin in 2018.

Portability is the ability to transfer up to $500,000 of accumulated Save Our Homes assessment difference from a prior homesteaded property to a new homesteaded property. Portability reduces the assessed value of your new homestead property, in addition to the homestead exemption.

Florida law provides for lower property tax assessments on homestead property. Under the Florida Constitution, every Florida homeowner can receive a homestead exemption up to $50,000. The first $25,000 in property value is exempt from all property taxes, including school district taxes.

Florida law provides for lower property tax assessments on homestead property. Under the Florida Constitution, every Florida homeowner can receive a homestead exemption up to $50,000. The first $25,000 in property value is exempt from all property taxes, including school district taxes.