If one spouse maintains the property as his or her permanent residence, the homestead exemption will continue. However, if either spouse purchases a new home in Florida, he or she cannot receive the homestead exemption on the new home as long as he or she owns or co-owns the property that the couple shared while married. Some exceptions apply to this policy. If one or both spouses relinquish ownership of the property they co-owned while married, they can divide the Save Our Homes (SOH) assessment differential between them, and each can transfer, or “port,” his or her part of the SOH assessment differential to a new homestead.
The property owners are responsible for notifying the property appraiser of the change in ownership. For more information, please contact your
property appraiser.