What term describes the provision that allows the cap savings to be transferred to a new homestead?

• A. Save Our Homes Portability
• B. Non-homestead cap
• C. Special Assessment Tax
• D. Additional exemption

Answer: (A)

Save Our Homes Portability describes the provision that lets you carry the benefit of the homestead cap to a new homestead in Florida. The Save Our Homes cap limits how much the assessed value of a homestead can increase each year, protecting homeowners from sharp tax hikes. When you move to a new homestead, portability allows you to apply the cap savings from your old home to the new one, potentially lowering the new home’s taxable value and your taxes. The other options describe different concepts—such as caps for non-homestead properties, separate assessments, or additional exemptions—that do not capture the idea of transferring the cap benefit to a new residence.