Page 28 - HB 0622

Late File for Portability Homestead in tax year 2021, you must have held Homestead
at your prior residence in tax year 2020, 2019, or 2018 in
Portability allows eligible property owners to pay less property order to take advantage of potential Portability savings.
taxes at their newly homesteaded property by transferring all PLEASE NOTE: Homesteads established in tax years 2008
or a portion of the Save Our Homes (SOH) savings from one through 2020 are eligible for Portability if the property owner
Florida property to another Florida property within the strict held Homestead Exemption on a property in the previous two
time frame allowed by law. If you qualify, Portability will tax years (the law was changed in 2021 to allow three years
reduce your property’s assessed value, resulting in tax savings before any Portability savings expired). Example: you established
this year and possible tax savings in future years depending Homestead on your property in 2014 but forgot to file for
upon the market value of your home each year. Portability, you may be eligible if you held a previous Homestead
Portability applies to both upsizing and downsizing in at another Florida property in tax year 2013 or 2012.
property value, based upon specified formulas. Portability may You can apply this year by completing the Transfer of
be used an unlimited number of times and may be used for Assessment Difference Form found on our website
moves to anywhere within Florida. Portability does not require https://web.bcpa.net/bcpaclient/#/Download-Forms by
you to sell your previous home, but merely that the Homestead the September 19, 2022 exemption filing deadline.
at your prior property be fully abandoned. If you have any questions, please contact our Customer

Most homeowners will have already applied for Portability Service Department at 954-357-6830 or by email at
when completing their Homestead Exemption application. Portability@bcpa.net.
Portability is only reflected on our website’s property record If my office can ever be of assistance to you, please do not
page the first year for which it is approved.
hesitate to contact me directly at martykiar@bcpa.net. HB
Effective tax year 2021, a property owner who applied Take care,
and was approved for Homestead Exemption for 2021 is
eligible to apply for Portability if the property owner held a Marty Kiar, CFA
Homestead Exemption at a previous Florida home in one of the Broward County Property Appraiser
three previous tax years. Example: if you established a new

26 HARBOR BEACH Magazine | www.harborbeach.org

5/30/22 7:36 PM
HB 0622.indd 26
HB 0622.indd 26 5/30/22 7:36 PM