Actual cap savings can be transferred under Save Our Homes portability up to what amount?

• A. $1,000,000
• B. $100,000
• C. $50,000
• D. $500,000

Answer: (D)

Save Our Homes portability lets you move the amount of your accumulated cap savings from your old homestead to a new one, but there’s a ceiling. The ceiling is five hundred thousand dollars. So you can transfer your actual cap savings if it’s below that, or up to five hundred thousand if your savings are higher. Any amount beyond that cap isn’t portable. That’s why the maximum transferable amount is five hundred thousand dollars—the limit set by the rule. The other numbers don’t fit because they either exceed the cap or represent amounts below the allowable maximum, whereas the question asks for the allowable ceiling.