Florida Homestead Portability Calculator
Prior Home Market Value Market value can be found on your home's Notice of Proposed Property Taxes.
Prior Home Assessed Value Assessed value can be found on your home's Notice of Proposed Property Taxes.
New Home Purchase Price
Ad Valorem Property Tax Millage Rate (%) The ad valorem property tax millage rate is set by your local government.
Florida Homestead Exemption
The Florida Homestead Exemption reduces property taxes for qualifying Homestead Property homeowners in Florida. The Homestead Exemption lowers property taxes by reducing assessed value by up to $50,000 and capping the annual increase in assessed value to the lower of 3% or the percentage change in the Consumer Price Index (CPI).
Save Our Homes
Save Our Homes (SOH) is a property tax exemption for qualifying Homestead Property homeowners in Florida which lowers your property taxes. SOH works by capping the annual increase in assessed value for tax purposes to the lower of 3% or the percentage change in the Consumer Price Index (CPI).
Can I transfer my Homestead Exemption to a new property?
Yes. You can transfer your accumulated Save Our Homes (SOH) benefit to a new primary residence up to a maximum of $500,000. To port your SOH benefit, first apply for Homestead on your new home using form DR-501. Thereafter, complete Form DR-501T and file it with your property appraiser by March 1.
Is it possible to reduce my closing costs in Florida?
Yes. You can reduce your buyer closing costs by requesting a buyer agent commission rebate from Hauseit. A commission rebate is a legal and non-taxable way to reduce your closing costs. If you’re selling, consider 1% Full Service or Agent Assisted FSBO to reduce your closing costs.