The Property Search allows you to view detailed information for properties in Miami-Dade County.
The Comparable Sales Tool allows you to access and compare real estate sale information for properties in Miami-Dade County.
The Tax Estimator provides an approximate amount of taxes that may be due on a property.
The Tax Comparison allows you to view a property's tax information for the current and previous year and lists changes by taxing district.
As we continue our recovery and cleanup efforts, please visit the Emergency website for the latest information on openings and closings in Miami-Dade County.
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.
|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 three (3) 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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