Portability in Florida allows homeowners to:

The homestead exemption is a constitutional benefit that applies automatically to all qualifying homestead properties and cannot be 'taken' from one property to another. Each new homestead automatically receives this exemption.

Portability does not allow homeowners to avoid property taxes entirely. It only reduces the taxable value by transferring accumulated SOH savings. Property taxes are still owed on the assessed value after portability is applied.

Renting out a homestead property typically results in the loss of homestead status and associated benefits, including the ability to use portability when moving to a new homestead.