{"id":6895,"date":"2008-01-30T16:25:20","date_gmt":"2008-01-30T21:25:20","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/2008\/01\/30\/tax-portability-how-much-will-it-save-you\/"},"modified":"2019-04-23T20:57:38","modified_gmt":"2019-04-23T20:57:38","slug":"tax-portability-how-much-will-it-save-you","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/tax-portability-how-much-will-it-save-you\/","title":{"rendered":"Tax Portability: How Much Will It Save You!"},"content":{"rendered":"

As everyone probably already knows, the proposed Real Estate Tax Referendum, which basically rewrites a great portion of how property taxes will be calculated in the State of Florida, passed yesterday, January 29th, 2008, after being put to the voters, by a resounding 71% to 29% margin, at last count! Although comprised of four different changes to the tax law, the basic purpose of this piece of legislation was twofold: firstly to provide much needed tax relief to the average homeowner, who, due to rising property values, could simply no longer afford to pay ad valorem real estate taxes after a new home purchase; and secondly, as a result, give a shot in the arm to the sluggish Florida real estate market, by allowing homeowner’s “portability” of their existing tax base.<\/p>\n

Rather than try to explain here the exact details of what we hope will be a landmark piece of legislation, I have included several links, directly to the Miami-Dade County public website portal: miamidade.gov<\/strong>, all relating directly to this topic.<\/p>\n

Visit: http:\/\/enr2.clarityelections.com\/Default.aspx?page=S&c=miamidade&eid=276<\/a> to see all Sepember 29th election results.<\/p>\n

Visit: http:\/\/www.miamidade.gov\/pa\/library\/2008TaxReformFAQ.pdf<\/a> to read the specific changes encompassed by the amendment and to get an overview of the new tax reform.<\/p>\n

Visit: http:\/\/www.miamidade.gov\/pa\/tax_estimator\/PortCapStart.asp<\/a> for more information on portability<\/p>\n

and lastly visit: http:\/\/www.miamidade.gov\/pa\/tax_estimator\/CapDiffNewTaxFinal.asp<\/a> for an actual “Portability Calculator” where you can actually estimate your potential tax savings according to the new law!<\/p>\n

We at EWM, as well as everyone in the real estate industry, are very excited at the prospective benefits of potential tax savings afforded by this new law to the average homeowner and\/or homebuyer.<\/p>\n","protected":false},"excerpt":{"rendered":"

As everyone probably already knows, the proposed Real Estate Tax Referendum, which basically rewrites a great portion of how property taxes will be calculated in the State of Florida, passed yesterday, January 29th, 2008, after being put to the voters, by a resounding 71% to 29% margin, at last count! Although comprised of four different<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5395,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"\nTax Portability: How Much Will It Save You! - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/tax-portability-how-much-will-it-save-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Portability: How Much Will It Save You! - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"As everyone probably already knows, the proposed Real Estate Tax Referendum, which basically rewrites a great portion of how property taxes will be calculated in the State of Florida, passed yesterday, January 29th, 2008, after being put to the voters, by a resounding 71% to 29% margin, at last count! 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