Posted on July 13, 2017 - 01:35 PM
by O'Grady Realty
If you are considering buying a home, do you know how to calculate the portability benefit?
Residential property owners with a qualified Homestead Exemption can transfer all or a significant portion of their "Save Our Homes" benefit to their new property. Portability allows you to transfer up to $500,000 of your property’s actual 3% assessment cap to your new property anywhere in Florida.