This tool allows buyers (and their lenders) to more accurately estimate property taxes under new ownership. Our mission is to provide our community with a dedication to accurate assessments, innovation, and superior service. The information below is designed to provide better understanding of this change to Florida law (effective date of January 1, 2021). Its vital to understand how your knowledge of homestead and portability can help when working with a new seller. Your Email Address. Is it Safe to Buy I-Bonds in Treasury Direct? Broward County Property Appraiser - Marty Kiar. Here is how it works: *Note: The amount Save Our Homes Assessment Difference transferred is apportioned at 60%. The total millage rate in the RCID, which covers parts of Orange and Osceola Counties, is 26.4238 mills. To use the calculator, just enter your property's current market value (such as a current appraisal, or a recent purchase price). The maximum transfer amount is $500,000. Be part of the Rally in Tally. Your Details Done. It frees the first $25,000 of the homes assessed value from all property taxes. Miami-Dade County is not responsible for the content provided on linked sites. CODER. The remaining $20,000 of your property's value is taxable, because it's less than the $50,000 minimum to be eligible for the additional homestead exemption. Must be entitled to claim homestead tax exemption. [CDATA[// >