Hernando County Prop Appraiser Lunch & Learn Topic: Portability

Description

What is Portability?

In 2008, the Florida voters approved Constitutional Amendment 1 which included Portability. Homestead property owners will be allowed to transfer their "Save Our Home" (SOH) benefit (up to $500,000 of the difference between the Market Value and the Assessed Value) to a new Homestead property. A Portability Application is required at the time of filing a Homestead exemption.