Florida Amendment 5: Extends “Save Our Homes” from two to three years’ portability

Floridians’ property taxes are protected from rising over 3 percent in any year from the “Save Our Home” homesteading exemption. When one moves from one home to another, they have two years “portability” where they can keep that property tax protection and potentially keep their property taxes lower than their new neighbors. Under the proposed Florida Amendment 5, it would extend that portability time frame to three years instead of two.