Homestead Portability
Florida’s Homestead Portability Summary
Homestead Portability = you take your tax savings with you when you move.
If your current primary home has Homestead Exemption, your property taxes are probably lower than they would normally be because of Florida’s 3% cap on value increases.
Over time, that creates a “tax discount.”
When you:
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Sell your homesteaded home
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Buy another primary residence in Florida
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Apply for homestead again (and portability)
You can transfer that tax discount to your new home.
Why this matters:
Without portability, your new home’s taxes would start fresh at full market value (higher taxes). With portability, part of your old savings lowers the taxable value of your new house.
Maximum you can transfer: up to $500,000 in value difference.
Deadline: Apply by March 1 after you move (and within 3 tax years of leaving the old home).
*Link to Florida Statute below;
https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199%2F0193%2FSections%2F0193.155.html