This on-line software helps Florida householders switch their “Save Our Houses” evaluation financial savings to a brand new property. For instance, a house owner promoting a long-time residence can apply the collected distinction between the assessed and market values of their earlier dwelling to cut back the assessed worth of a brand new Florida dwelling, probably reducing property taxes.
Transferring these financial savings can considerably influence property taxes, making a brand new dwelling buy extra inexpensive. Traditionally, the “Save Our Houses” modification capped annual evaluation will increase, benefiting long-term residents. This transferability provision, enacted later, extends these advantages, selling housing market fluidity and permitting householders to maneuver with out dropping worthwhile tax benefits. It contributes to total housing affordability and helps householders relocating throughout the state.
