Timeframe to Use Portability Extended
Portability allows eligible Homesteaded property owners to pay less in property taxes on their new home by moving their “Save Our Homes” savings (up to $500,000) from one Florida property to another Florida property when establishing Homestead Exemption on the new property. Beginning with property owners who establish a new Homestead Exemption for tax year 2021, applicants may now transfer portability savings from a Homestead Exemption held in any of the three immediately preceding tax years. To be eligible to move this SOH benefit, the new property must receive Homestead Exemption within three tax years – not calendar years – of the “abandonment” of the Homestead Exemption at the previous property.
Note: Homestead Exemption and Portability do not automatically transfer. You must apply for Homestead Exemption on the new property and submit a Portability application. Portability does not require you sell your previous home, but merely for you to no longer receive the Homestead Exemption on it.
Additional information about Portability can be found on our website at www.floridahomesteadservices.com
Annual Senior Exemption Renewal
If you received the Senior Exemption in 2020, you will be receiving your Senior Exemption Renewal Card in the mail this month. Florida law requires you to renew this exemption annually as it is an income-based exemption. To receive this valuable exemption for 2021, you must sign and return the yellow postcard renewal notice by September 20, 2021.
If you did not receive the Senior Exemption for 2020 and you believe you may qualify, please visit your county property appraisers website to view this exemption and all the other exemptions available to qualified applicants. The deadline to apply for any 2021 exemption is September 20, 2021.