Can you take your Florida homestead tax savings to a new home?

What the law says

• Portability applies when the person setting up a new homestead had a homestead exemption as of January 1 of any of the 3 immediately preceding years (193.155(8)).
• If the new home's just value is equal to or more than the old home's, the new assessed value is the new just value minus the lesser of $500,000 or the old home's savings (just value minus assessed value) (193.155(8)(a)).
• If the new home's just value is less, the savings carry over in proportion to the two values, but the difference may not be more than $500,000 (193.155(8)(b)).
• When several owners move from one home, the total savings moved to all new homesteads may not be more than $500,000 (193.155(8)(c)-(d)).
• To get it, the owner files a state form, with a sworn statement, as an attachment to the application for homestead exemption (193.155(8)(h)).
• An owner may give up (abandon) a homestead for this purpose, even if still living there, by telling the property appraiser in writing at or before filing the new application (193.155(8)(g)).

“has received a homestead exemption as of January 1 of any of the 3 immediately preceding years”

193.155(8), Florida Statutes

Who this is for

Buying · Selling

Last checked against the official text on November 5, 2026. Laws change, and the official text always wins. This is general information, not legal advice. For your own situation, ask a Florida real estate attorney.