Do you know what Portability is?

Portability is the difference between the Property Appraisers Just Value of a property and the Save Our Home Value of that property. Portability allows you to save money on your property taxes when selling one primary home to buy a new primary home.
In Florida, the Save Our Home Ammendment to the Florida Constitution prevents the assessed value of homestead property from increasing more than 3% per year, or the percent changes in the Consumer Price Index, whichever is lower. You can find more information about portability on your county’s property appraiser website.
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