Homes’ Tax Cap May Get Mobile | theledger.com
Booming real estate market has officials taking a new look at a homestead break.
What looked like a radical idea a year ago — to allow Florida homeowners to take part of their tax cap with them when they buy a new home — isn’t so radical anymore.
Leaders in the Legislature, including the next Senate president, Ken Pruitt, are embracing the idea that Florida’s “Save Our Homes” property tax cap needs to be portable so Floridians have one fewer hurdle to buying a new home, be it empty-nesters wanting to downsize to a condominium or a young family needing more bedrooms.