It has been about a month since Florida Residents passed Amendment 1 which was designed to give some relief from the increased property taxes we have seen.
As part of the amendment we were approved a tax "portability". Like everything else in life, this can be confusing.
Attached is a chart put out by the Florida Assoication of Realtors to help make more clear:
http://www.floridarealtors.org/LegislativeCenter/TopInitiatives/upload/Portability_101.pdf
I hope this helps! If you have any questions on who this would work for you if you are looking to sell your home and by a new one just call or email me at 888-815-3999x 2 toll free or franziskasmith@comcast.net
Franziska
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