Everyone has money on their minds today, and one of the ways property owners can save money this year by taking advantage of our new property tax laws.Here’s how you can save whether you are buying or selling a home:
AMENDMENT 1
Property Tax Portability – Allows Florida homeowners to transfer their Save Our Homes CAP to a new homestead. If you had a homestead exemption in Florida the year prior to buying a new home, and are applying for a new homestead exemption, then you may qualify.
To benefit from property tax portability, an application is required. Click the link below to download the application. To learn more about portability, click here…. Portability Application and Instructions Portability Frequently Asked Questions
10% Assessment CAP for Non-Homestead property – An application is required for the 10% CAP. For more detailed information about Amendment 1, click here for the Department of Revenue website.
Thinking about buying or selling real estate in the Tampa Bay Area? Have a Real Estate question?
Feel free to email or call us 813-784-7744
Rae Anna Conforti, Realtor.
