Broward County Property Appraiser Marty Kiar informs us in his latest newsletter that portability allows eligible property owners to pay less property taxes at their newly homesteaded property by transferring all or a portion of the Save Our Homes (SOH) savings from one Florida property to another Florida property within the strict time frame allowed by law. If you qualify, Portability will reduce your property’s assessed value, resulting in tax savings this year and possible tax savings in future years depending upon the market value of your home each year.
Read more about property portability in Marty’s newsletter by clicking here.