Marty Kiar, our Property Appraiser, shares with us how the homestead exemption automatically renews each year. Forida law requires the property owner to notify the Property Appraiser of any change which may affect homestead eligibility. This “Change Order” card provides an easy way to communicate any important changes to our office. If there are NO changes to the use and/or ownership of your property, simply keep the card as your receipt that your Homestead Exemption has automatically renewed for another year. However, if there are changes, please mark the Change Order accordingly and return it to our office.
WHERE DID MY PORTABILITY SAVINGS GO?
A portability deduction is only posted to your property record page in the first year you receive your new Homestead Exemption. The portability savings from the first year form the basis of your new Save Our Homes (SOH) Value on a going forward basis and — in subsequent years — will rise or fall based upon market value changes and the SOH cap, as your new Save Our Homes value has incorporated your portability savings. When our website is updated to display subsequent year property values, your portability deduction is no longer shown independently because it is already factored into your new Assessed/Save Our Homes Value.
