Transfer of Homestead Assessment Difference; "Portability"; Sworn Statement Required; Denials; Late Applications
Property Tax Oversight Program
RULE NO.:RULE TITLE:
12D-8.0065Transfer of Homestead Assessment Difference; "Portability"; Sworn Statement Required; Denials; Late Applications
NOTICE OF CHANGE
Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 39, No. 187, September 25, 2013 issue of the Florida Administrative Register.
The Department has made changes to paragraphs (5)(c) and (6)(a) of this proposed rule based on comments received from the public. A revised version of this proposed rule containing these changes is available at: http://dor.myflorida.com/dor/property/vab/draftrules.html. When adopted, paragraphs (5)(c) and (6)(a) will read as follows:
12D-8.0065 Transfer of Homestead Assessment Difference; “Portability”; Sworn Statement Required; Denials; Late Applications.
(5)(c) If two or more persons who have each received a homestead exemption as of January 1 of either of the 2 immediately preceding years and who would otherwise be eligible to have a new homestead property assessed under this subsection establish a single new homestead, the reduction from just value is limited to the higher of the difference between the just value and the assessed value of either of the prior eligible homesteads as of January 1 of the year in which either of the eligible prior homesteads was abandoned, but may not exceed $500,000.
(6) Abandonment.
(a) To transfer an assessment difference, a homestead owner must abandon the homestead before January 1 of the year the new application is made.
