Florida Homestead Portability: Moving Your Save Our Homes Benefit

Florida's Save Our Homes cap limits how much the assessed value of a homestead can rise each year. Over time that creates a gap between market value and assessed value. Portability lets you move that benefit to your next Florida homestead.

How much you can transfer

According to the Florida Department of Revenue, you can transfer up to $500,000 of your Save Our Homes benefit to a new Florida homestead. If the new home has a lower market value than the old one, only a percentage of the benefit transfers.

The time limit

You must establish the new homestead within three years of January 1 of the year you abandoned the old one (not three years after the sale).

How to apply

Apply for a homestead exemption on the new home and include the portability application (Form DR-501T) with your county property appraiser, by March 1 of the year you claim it. Details are in the Florida DOR portability guide (PT-112) ↗.

If your application is denied

The Department of Revenue explains that you can file a petition with the county value adjustment board.

FAQ

Can I port my benefit if I haven't sold my old home?

Portability is based on abandoning the old homestead. Ask your property appraiser how this applies to you.

What is the Florida portability limit?

Up to $500,000 of Save Our Homes benefit, per the Florida Department of Revenue, if you set up a new homestead within three years of January 1 of the year you left the old one.

Official sources

State details: Florida

This guide is general information, not legal or tax advice. Your county office decides eligibility. Last reviewed Oct 23, 2026.