Homestead Exemption Portability

Real Estate Agent with GF Homes and Land BK3085183

I've had a lot of customers ask about the Florida Homestead Exemption portability.  Here is some good information for potential home buyers.

According to: Homestead Exemption Portability Section 196.031, F.S.

Each applicant will have to fill out Form DR-501T, "Transfer of Homestead Assessment Difference," in the office of the property appraiser of the county in which their new home is located. Required information on this form includes the date that the previous homestead was sold or no longer used as a homestead, the address and parcel identification number of the previous homestead, a list of all other owners of the previous homestead, an affirmative statement that none of the previous owners remained in the homestead and continued to receive a homestead exemption, and a sworn statement that he or she received the homestead exemption on the previous parcel. Form DR-501, "Original Application for Ad Valorem Tax Exemption" should also be completed to apply for the homestead exemption on the new homestead.

I hope this is helpful. Consult your county office for more information.


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Gabe Fitzhugh

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