Julie Grubb Broker Associate, e-Pro, GRI, FL Real Estate Instructor
Understanding Florida’s “Portability” / “Save our Homes” has been difficult to explain and understand. I have looked at many county website’s as well as asked the question: What number is used to determine what is transferable if someone has been homesteaded for years? I think I have finally found an answer to that question.
There are 2 different types of Public Records available from county appraiser and your local Realtor.
Below is the description off the State Website of how this works:
2(8) Property assessed under this section shall be assessed at less than just value when the person who establishes a new homestead has received a homestead exemption as of January 1 of either of the 2 immediately preceding years. A person who establishes a new homestead as of January 1, 2008, is entitled to have the new homestead assessed at less than just value only if that person received a homestead exemption on January 1, 2007, and only if this subsection applies retroactive to January 1, 2008. For purposes of this subsection, a husband and wife who owned and both permanently resided on a previous homestead shall each be considered to have received the homestead exemption even though only the husband or the wife applied for the homestead exemption on the previous homestead. The assessed value of the newly established hom
