Answer: It’s the ability to transfer the dollar benefit of the homestead property assessment limitation known as the “Save Our Homes” benefit from a prior homestead to a subsequent homestead. The portable amount is the difference between market value and assessed value.
Example: 2007 Certified Market Value from prior homestead ($250,000) minus 2007 Certified Assessed Value from prior homestead ($150,000) equals Portable Amount ($100,000).
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