The Florida Association of Realtors, who are in favor of the changes to the property tax, had a good article on the changes.
According to the writer the portabiliy would be retro active for all purchasers of homes for 2007
http://www.floridarealtors.org/NewsAndEvents/n1-110507.cfm
This would be great for those folks that had put off buying a home because they do not want to lose their saved tax benefits from staying put in a home that has gone up in value. they can take that savings to the next home
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