We are happy to provide you with this Portability application. Residential property owners with a qualified Homestead Exemption can transfer all or a significant portion of their "Save Our Homes" benefit to their new property. Portability allows you to transfer up to $500,000 of your property’s actual 3% assessment cap to your new property anywhere in Florida.
If you are considering a move, you can calculate the Portability benefit online. Using the Property Record Search button on our Home Page, search for the property you are selling. Use the Calculate Portability button to begin. The market and assessed values of your current homesteaded property are displayed. Enter the market value of your new property and use the Calculate button. The new assessed value and your Portability benefit are displayed.
Keep in mind there are no changes to the existing assessment cap benefit under Florida’s Save Our Homes provisions. Apply for Portability when you apply for Homestead Exemption on your new property.
Contact our Portability expert at (561) 355-4035 for more information.