Save Our Homes Portability
Apply by March 1, 2008, to transfer your “Save Our Homes” benefit to your new home.
The Florida homestead exemption “Save Our Homes” benefit is now "portable" because
of the passage of the constitutional amendment on January 29, 2008. The "Save Our
Homes" benefit is the difference between the assessed value and market value of
a homestead property due to the annual limit on increases in assessed value. Portability
means that, from now on, you can transfer some or all of your old home's “Save Our
Homes” benefit to your new home.
You must apply to your property appraiser to transfer
your “Save Our Homes” benefit. For contact information on Florida's property appraisers,
go to http://dor.myflorida.com/dor/property/appraisers.html.
Portability first becomes available for homeowners who had a 2007 homestead exemption
on their old home and established a new homestead by January 1, 2008.
If you moved into a new home by January 1, 2008, you have through March 1, 2008, to apply to
your property appraiser for your new homestead exemption and for the transfer of
the “Save Our Homes” benefit to your new homestead for 2008.
If you have already
applied for a homestead exemption on your new home, you must complete a separate
application (81 KB) by March 1, 2008, to transfer the “Save Our Homes” benefit to your new
homestead.
Portability for 2009 and after
If you move into a new home after January 1, 2008, and by January 1, 2009, and had a previous homestead exemption in either
2007 or 2008, you must apply for your 2009 homestead exemption and the transfer
of your “Save Our Homes” benefit by March 1, 2009.
In future years, you will be able to transfer your “Save Our Homes” benefit to a new home if you had the homestead
exemption on your old home in either of the two preceding years.
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