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Moving within Florida: homestead and Save Our Homes portability
Selling your Florida home and buying another? You may be able to carry up to $500,000 of your Save Our Homes savings to the new home. Here is how it works.
By Danielle Salomon and Simone Pakoys · Updated 11/12/2026 · General information, not legal or tax advice.
If you have lived in your Florida home for years, your property taxes are probably based on a value well below today's market price. That gap is your Save Our Homes benefit, and you do not have to lose it when you move within Florida.
The homestead exemption
A Florida homestead exemption takes up to $50,000 off your home's assessed value: the first $25,000 applies to all property taxes, and the second $25,000 applies to non-school taxes on value between $50,000 and $75,000.
Save Our Homes
Once a home has the homestead exemption, its assessed value can rise each year by no more than 3% or the change in the Consumer Price Index, whichever is lower. Over time, the assessed value can fall far below market value.
Portability
- When you sell and buy a new Florida homestead, you can transfer up to $500,000 of that accumulated difference to the new home.
- You must set up the new homestead within three tax years of January 1 of the year you left the old one.
- Apply for the new homestead exemption and portability with the new county's property appraiser by March 1.
How we help
When you sell with us and buy your next home in Florida, we line up both dates and remind you about the March 1 filing so the savings follow you.
Sources: Miami-Dade Property Appraiser, portability page; Florida county property appraiser guidance on Save Our Homes (Florida Statutes 193.155).