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When buying real estate property, you should not assume that property taxes will remain the same. Whenever there is a change in ownership, the assessed value of the property may reset to full market value, which could result in higher property taxes. Please use our Tax Estimator to approximate your new property taxes.

The Property Appraiser does not send tax bills and does not set or collect taxes. Please visit the Tax Collector's website directly for additional information.

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The Property Search allows you to view detailed information for properties in Miami-Dade County.

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The Comparable Sales Tool allows you to access and compare real estate sale information for properties in Miami-Dade County.

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The Tax Estimator provides an approximate amount of taxes that may be due on a property.

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The Tax Comparison allows you to view a property's tax information for the current and previous year and lists changes by taxing district.

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Portability Transfer of Homestead Assessment Difference

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.

CALCULATING PORT

Moving to a more valuable home - UPSIZING
Previous Home New Home
Market Value $250,000 Market Value $400,000
Save Our Homes Assessment Difference - $100,000 P O R T - $100,000
Assessed Value $150,000 Assessed Value $300,000

 

Moving to a less valuable home - DOWNSIZING
Previous Home New Home
Market Value $250,000 Market Value $200,000
Save Our Homes Assessment Difference - $100,000 * P O R T - $80,000
Assessed Value $150,000 Assessed Value $120,000

 

*Step 1: Previous Save Our Homes Difference DIVIDED by Previous Market
100,000/250,000 = Cap Ratio 0.4

*Step 2: Cap Ratio MULTIPLIED by New Market Value
0.4  x  200,000 = PORT 80,000

Portability benefits may be reduced if the benefit is split among multiple homestead owners and is limited to $500,000.

HOMESTEAD EXEMPTION Requirements
You must have homestead exemption on your new property within two (2) years of your last homestead exemption AND all owners of a jointly owned previous homestead must abandon that homestead in order to PORT your Homestead Assessment Difference. (Ref. section 193.155, Florida Statutes).

HOMESTEAD EXEMPTION AND SPOUSES
Husband and wife abandoning jointly titled property may designate shares of the homestead assessment difference by filing a Designation of Ownership Shares Of Abandoned Homestead form (DR-501TS). To qualify to make such a designation, the husband and wife must be married on the date that the jointly owned property is abandoned.  

All Property Tax Exemption Applications are due March 1st.

 
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