Florida Homestead Services -- Florida Homestead Exemption Act MiniBB
Visit our main website at Florida Homestead Services.com
 - Forums - Sign Up - Reply - Search - Statistics -
Questions and Answers Florida Homestead Services -- Florida Homestead Exemption Act MiniBB / Questions and Answers /  

Portability Joint ownership vs single ownership

Author Ivan Gonzalez
Participant 

#1 - Posted: 9 Nov 2015 11:12 
Greetings,
My wife and I jointly own a primary residence in Miami, it has been with Homestead Exemption for the past 25 years and we have approximately $256k of Save our Homes portability, the market value of this house is approximately $650k. We are now buying a house and moving to Flagler Beach, Fl, the purchase price of this new house is $955k. The house in Flagler Beach will only be under my name due to Estate planning issues. At this point I have 2 questions...Will I be able get my full 25k/25k homestead exemption even though I'm the sole owner? and Will I get to transfer my full $256k of portability to our new home ? Thank you !!

Author johnbsims3
Admin 

#2 - Posted: 11 Nov 2015 10:17 
Yes!

Questions and Answers Florida Homestead Services -- Florida Homestead Exemption Act MiniBB / Questions and Answers /
Portability Joint ownership vs single ownership
Top
Your Reply Click this icon to move up to the quoted message
 

 ?
Only registered users are allowed to post here. Please, enter your username/password details upon posting a message, or register first.
 
  Powered by Open Source Forum Script miniBB®