Passage Of Amendment 1 - Eva Nash - Broker said "Portability Means Now It Is Time To Buy A New Home."

Eva Nash - Broker also, commented, "There has never been a better time to buy. There is a lot of choice for buyer's in this marketplace and rates are low. Buyers and Sellers can be ecstatic with this approval of Amendment 1. We can all expect the real estate business to enter an upward spiral now that Amendment 1 has been approved. We should expect the real estate economy to rally. Amendment 1 was very good news for the real estate industry. Congratulations, Florida Voters and Thank You. Call Eva Now 954-298-1236. It is time for you to buy."

FLORIDA VOTERS APPROVE PROPERTY TAX REFORM AMENDMENT BY LANDSLIDE MARGIN!!

The passage of Amendment 1 on January 29 has resulted in broad changes regarding property tax collections in Florida. Now that Amendment #1 has passed, you may be asking how you or your clients can take advantage of the new tax savings.

If you are already Homesteaded, there is nothing you need to do to claim the additional Homestead Exemption. The additional Homestead Exemption will automatically be applied to your property.

. "Portability" allows you to transfer to a new property the difference between your "Save Our Homes" tax assessment and the Just Value of your property. To take advantage of "Save Our Homes" tax savings portability, which is retroactive to include transactions from 2007, you will need to file a form with the Property Appraiser in your home county.

http://dor.myflorida.com/dor/property/sb4d.html

Click here to visit the Florida Department of Revenue's web link containing the necessary forms to claim Portability, in addition to complete and detailed information regarding the implementation procedures for all of the various components of Amendment 1.

actual form http://www.bcpa.net/Forms/dr501tn0308.pdf

Tax Appraiser Website http://www.bcpa.net/

You can also visit the Broward County Property Appraiser's website for further information. By clicking "Property Search" when there, you will be able to determine the difference between your "Save our Homes" value and the Just Value of your own property.