Your new property appraiser will get your benefit amount from your old property appraiser and apply it to your new homes assessed value. It is important to note $25,000 of homestead coverage does not apply to the school portion of property taxes. unit 4 lesson 1. To learn more about propety taxes in general, see Florida Property Taxes. Every . Florida Homestead Check, LLC offers a Free Portability Checker at portabilitypros.com. We're here to help you! If any tax statements are missing, contact the Tax Collector's office at (321) 264-6969 or visit our nearest office. Form DR-501TS Designation of Ownership Shares of Abandoned Homestead says what percentage of the benefit each spouse receives. The statewide average is 1.02%. Knowing these laws allows you to help sellers avoid costly mistakes. If the appraised value is too high (higher than what you could get by selling your home), you can file an appeal to the county adjustment board. New Assessed Value is $400,000 - $100,000 = $300,000. Your Fixed-Rate Mortgage Payment Skyrocketed? These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Fill out the portability application to transfer your benefit. Address: 2300 Virginia Ave #107, Fort Pierce, FL 34982 There are a number of laws that limit the taxes due on owner-occupied homes in Florida. Copyright 2023, Florida Homestead Check. Fla. Has 9 of 21 Top Overpriced Rental Markets. Florida's property tax and Homestead laws are complicated. Up to $25,000 in value is exempted for the first $50,000 in assessed value of your home. [CDATA[// >