Portability Tax in Florida
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If you're buying or selling a home in Florida, understanding property tax portability could save you thousands of dollars over time.
In this video, I break down Florida's Save Our Homes Portability program in simple terms and explain how eligible homeowners can transfer up to $500,000 of their accumulated property tax benefit when moving to another Florida homesteaded property.
I'll cover:
✅ What Florida property tax portability is
✅ Who qualifies for the Save Our Homes benefit
✅ The important March 1 filing deadline
✅ How portability works when upsizing vs. downsizing
✅ Why out-of-state buyers don't qualify on their first Florida home
✅ The proposed Florida homestead exemption changes for 2027 and beyond
✅ How to file for portability through the Property Appraiser's Office
I'm sharing my personal experience as a Florida real estate agent who has helped many homeowners navigate this process. While I'm not a tax professional, I'll explain what I've learned over the years and point you to the official resources for the most up-to-date information.
If you're planning to buy, sell, or relocate anywhere in Central Florida, I'd love the opportunity to help you make informed decisions throughout the process.
📞 Have questions about buying or selling in Central Florida? Let's connect!
I'd be happy to discuss your real estate goals and help you every step of the way.
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Brian Stephens, eXp Realty
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God Bless!
Brian Stephens
Realtor, eXp Realty
www.realtorsoffaith.com