Don’t Leave Your Tax Savings Behind!

Moving Within Florida? 

Florida’s Save Our Homes Portability rule lets you take your property tax savings with you when you move — and it’s not just for seniors.

If your current home’s market value is higher than its assessed value (thanks to the 3% cap), that difference — up to $500,000 — can be transferred to your next Florida home, helping keep your new property taxes lower.

To qualify, you’ll need to:
Have (or had) a Florida homestead exemption
Establish a new Florida homestead within 3 years
File forms DR-501 (Homestead Exemption Application) and DR-501T (Transfer of Homestead Assessment Difference) with your county property appraiser

For Brevard County Florida residents, you can find everything here:
Brevard County Property Appraiser – bcpao.us
Forms: bcpao.us/forms.aspx
Portability Brochure (PDF): Download here

Whether you’re upsizing, downsizing, or moving closer to the beach, portability can make your next home more affordable.

Have questions about how this applies to your move? Let’s talk.
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