Now that the proposed Amendment was passed yesterday on the portability of the existing Save Our Homes benefits, what does that mean to YOU?
What will you get with your portability Homestead tax savings if you NOW sell your home and buy another one?
Miami- Dade has added a nifty calculator tool to estimate your savings. Just go to their website and put in your current property information and hit search.
Once the results pop up and your information is on the screen, you will see a calculator icon and a highlighted link saying “Portability S.O.H. Calculator”.
Click on that link and it will populate your current property information to the new calculator screen (step 1).
Then complete (step 2) with the Estimated Market Value and City where the new home is located and hit “estimate” and viola! It tells you portability…
Give it a try!