Property owners with Homestead Exemption also receive a benefit known as the “Save Our Homes” cap. The Save Our Homes cap limits increases in the annual assessment of a home to a maximum of 3% regardless of the increase in Market Value. Homeowners can transfer (or PORT) the difference between the assessed and market values from their previous Homestead Property (known as the Homestead Assessment difference) to another Homestead Property up to $500,000.
Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
Miami Report Q4 Update The Q4 ISG Miami Market Report provides a comprehensive overview of the real estate market in Miami-Dade, Broward, and Palm Beach counties during the fourth quarter of 2022. Below are some highlights and key takeaways, I would love to hear your thoughts and what you are experiencing first hand in your […]
Miami Residents Before you begin, each applicant will need the following: Property Folio number (You may locate your folio using our Property Search Page) Social Security number Date of Birth Marital Status Florida Driver’s license number which reflects the property address Florida Automobile Registration which reflects the property address Florida Voter Registration Information (U.S. citizen) […]