Two things decide what real estate does to your taxes here: what leaves your income every year, and the property-tax bill on the building itself. Start with the first — it is the one this whole door exists to move.
Your income, your bracket, and the share that leaves before you ever see it. This is the number every other page on this door is trying to move.
The overview: depreciation and cost segregation together, and who each one actually works for.
Worth reading before assuming the move pays for itself.
No state income tax — and what that is really worth once the property-tax bill is back in the picture.
A homestead is capped at 3% a year under Save Our Homes; a non-homestead at 10%. Both caps die the year after a sale — the assessment jumps to full market value and the new owner inherits a tax bill nothing like the one on the listing sheet. Every number we publish resets taxes at your price for exactly this reason.
The reset is the bad news; here is the good. File for homestead and the 3% Save Our Homes cap starts counting from your reset value — every year you hold, the gap between your capped bill and the market grows in your favour. Until the homestead is filed, the 10% non-homestead cap is what protects you. The first bill is the worst one you will get.
Your low assessed value does not transfer to your buyer — advertising ‘low taxes’ off your own tax notice is a promise the county breaks the January after closing. What you can honestly advertise: the buyer gets the same caps you enjoyed, starting fresh at their price — and a buyer who already owns a Florida homestead can carry up to $500,000 of their own Save Our Homes savings onto your home through portability. That is a real reason for a Florida owner to move up rather than stay put, and it belongs on your listing conversation, not in the fine print.
We are not your accountant and this is not tax advice. Everything here is arithmetic on public records and the numbers you type — run it past the person who signs your return before you act on it.
Two ways forward.