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| Portability is part of Amendment 1 that voters passed on January 29, 2008. This calculator is a tool to help you estimate how much you might benefit from Portability. |
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Current Homestead Property
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Cap Differential
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Future Homestead Property
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| Enter either 1) the Sales Price of the future homestead property, or 2) the Estimated Just/Market Value |
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1. Enter the sales price of your future homestead property
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OR
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2. Enter the estimated Just/Market Value or
Just/Market for Assessment Purposes
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| New Assessed Value WITH PORTABILITY: |
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| Note: $500,000 limit on portable amount |
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| New Exemption* amount: |
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ESTIMATED
Taxable Value WITHOUT Portability
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ESTIMATED
Taxable Value WITH Portability
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| *Doubling Homestead Exemption is part of the Constitutional Amendment that passed on the January 29, 2008, presidential primary ballot. It does not apply to school taxes. Click here for important information about this legislation |
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| PORTABILITY DISCALIMERS:
If the market value of your current homestead property is greater than its assessed value, portability would allow you to transfer that difference in value to your new property. The proposed Property Tax Reform amendment caps the portability benefit at $500,000.
ALL CALCULATION ESTIMATES PROVIDED HERE ARE BASED ON "WHAT IF" SCENARIOS.
Certain homestead exemptions, such as the Senior Exemption for qualified seniors and Veterans Exemption were not factored into the estimates. Also, if your property is subject to a partial cap because of deed tenancy or use, this calculator will not function for your property. Please call our Exemption Services at (727) 464-3294 for more information.
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