A recent change in Florida law extends the timeframe to transfer portability benefits from 2 to 3 tax years.
What Is Portability?
Portability in Florida allows homestead owners to transfer the benefit of their Save Our Homes (SOH) assessment from their old residence to their new one, thus resulting in a lower tax bill for the new property.
This provision can be extremely advantageous for individuals who have owned a homestead for a long period of time, as they may have built up significant savings in the form of SOH-driven tax reductions. In addition to reducing the overall cost of ownership, portability also offers more flexibility to homestead owners who may be looking to relocate without having to sacrifice their hard-earned tax benefits.
How Do I Apply For Portability In Broward County?
Note: Homestead Exemption and portability do not automatically transfer. You must apply for Homestead Exemption on the new property and submit a portability application.
View / Download the DR-501T Form (PDF)
If you already applied for a homestead exemption on your new home, you must complete a separate portability application by March 1, 2023 to transfer the 'Save Our Homes' benefit. Or you may file for both by March 1, 2023.
Applications filed after March 1st, 2023 are considered late. Late applications will be accepted through the 25th day following the mailing of the Notices of Proposed Property Taxes in August.
Official website: https://bpca.net
Broward County Property Appraiser's Office
115 South Andrews Avenue Room 111
Fort Lauderdale, Florida 333071