How to Save Big on Property Taxes

If you are moving within Florida, you do not have to leave your Homestead Exemption tax savings behind. With portability, you can transfer those savings to your new home, potentially saving thousands on property taxes!

Here is how it works:

• Imagine your current home has a market value of $4,000,000, but thanks to your Homestead Exemption, its tax-assessed value is only $3,000,000. That’s $1,000,000 of value you are not taxed on!
• When you buy your next Florida home, you can transfer that $1,000,000 savings to reduce the taxable value of your new property, lowering your annual tax bill.

How to Qualify:

1. Sell your current Florida homestead property.
2. Purchase or build a new Florida home within 2 years.

This process ensures you keep your tax savings and enjoy lower property taxes at your next home.

Want to learn how portability could save you thousands on your next home? Reply to this email, and I will guide you through it!