What is Property Tax Portability?

In Florida, Property Tax Portability refers to the ability to transfer up to $500,000 of accumulated Save Our Homes Cap “Savings” from an existing or prior homestead exempt property to a new property established as your homestead within two tax years of selling or abandoning your existing or prior homestead.

Watch this 3 minute video from Broward County Property Appraiser, Marty Kiar.

For more questions about Property Tax Portability in Florida, see the Florida Dept. of Revenues page on Homestead and Other Exemptions.