How do I transfer my homestead? I’m assuming that this question has to do with your homestead exemption on if you’re an owner or property, and that’s your permanent place of residence. And you’re a resident of the state of Florida. You can exempt the first $25,000 of your taxable valuation from taxes, which saves you approximately $500 in taxes. You pay tax on any amounts between 25,000 and 50,000, from 50,000 to 75,000. You can and exempt everything except school taxes, which save you another approximately $300. In addition to that, there’s a constitutional amendment that provides that, As long as you have homestead exemption on your property, then the tax assessment will not increase by the lesser or a 3% or cost of living. So, if you change homestead, if you buy another property, or acquire another property, you move into that property. And it’s now your homestead.
You should apply to the property appraiser’s office to have homestead on that property and tell them that you wish to, for your homestead exemption, to this new property, it’s called portability. And they should transfer that to you. If this, you have to acquired this other property within two years from the date that you last had homestead. So, if you sold your property, you don’t want to wait more than two years to acquire another property. If you want to transfer your homestead and or save our homes, freeze, or holding the tax assessment to the lower amount, which is transferable on, and that’s called portability. You have any questions on that? You give me a call at (727) 847-2288.