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How Florida Homestead Portability Works


Content provided for general information. Talk to your advisor to learn about recent updates or other rules that may apply to your situation.

Florida has the Save Our Homes benefit that limits increases in your property taxes due to increases in your home’s market value. If you buy a new home in Florida, you can transfer the savings to your new home.

How does Save Our Homes work?

Save Our Homes limits increases in your home’s assessed value to 3% per year. Your Save Our Homes benefit is the difference between the assessed and market values.

For example, let’s say you’re home’s market value increased by $150,000 but Save Our Homes limited the increase in your assessed value to $50,000. You have a $100,000 benefit.

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