| Confused by Save Our Homes portability? Yes, you will be able to carry your Save Our Homes differential with you (up to a maximum of $500,000), but as with many new laws, Save Our Homes portability comes with a myriad of clauses and caveats that can make the process difficult to understand. Thankfully, the Sun is here to help -- just input the data from your current home and the price of your new home, and find out how much you'd be able to save on your new home's taxable value.
Note: This calculator is designed as a tool to help taxpayers understand how Save Our Homes portability works. It is in no way a guarantee of tax exemptions from your local taxing authority. If you moved in 2007, your portability will be reflected on your new home in your 2008 tax bill. But if you move in 2008, you will still pay property taxes as assessed on the home you lived in on January 1. That means your portability will not go into effect until you pay your property taxes in 2009. |