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.
Portability Estimator Tool
Note: You will not be able to use this calculator to perform 2024 portability estimates until AFTER the proposed 2023 just values are set on June 1, 2023.
The estimator is a tool which does not capture every scenario of how Portability is calculated by our office. There are times when the Portability benefit has to be split due to divorce or when an applicant had partial ownership interest in the prior home, has partial ownership interest in the new home, or had/has partial ownership interest in both the prior and new homes.
We recommend contacting the BCPA office at 954-357-6830 for the best calculations.
Portability Calculator
Please remember the Estimated Tax is just an estimated value.
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
Phone: 954-357-5579
Email: owneralert@bcpa.net
