Homestead portability Royal Harbor

I spoke with Abe Skinner the Collier appraiser last week and was updated on this latest taxing issue of portability in the Homestead exemption. This is how it was explained to me.
If you are moving up, this means buying a more expensive home, and if you you have at least 500,000 in homestead savings then you can carry all of it (up the the half million) with you on your next home. Naturally if you have less say an accumulated 375,000 in assessed value minus your taxable value then you carry only that forward.
BUT...If you are moving down you do not carry all your savings. There is a formula you use to determine how much of your savings you can port. Those people thinking they can then go from a home where they are saving 500,000 in taxable value and buy a lesser value home and get this reduction are wrong. They will not take 500,000 with them, only a portion will transfer. I think that is based on the percentage of assessed value to the actual value.
I am sure this will be explained as we near the deadline to vote. Still so far this has been misleading.
If you are in Royal Harbor and are homesteaded getting the 3% annual raise max then you move down this will most likely effect you.

More on Dredging

At the Dec. meeting the idea was brought up to have Royal Harbor do its dredging project separate from Golden Shores and Oyster Bay. This might be cheaper and quicker for Royal Harbor than doing the project as originally proposed, as there is more rock removal in the northern canals and they are also tied up in the legal dredging over the Yacht Club and Naples Bay Resort. This singular project would be under maintenance of the old 1991 permit. I was told by a member of one of the members of the sailing and Yacht club board that it might take years for this to get resolved. More on this later.

More on Royal Harbor Dredging

Royal Harbor area Dredging

I have the maps from the Royal Harbor, Oyster Bay and Golden Shore dredging project on a disc. It shows the canals and the proposed waterway along the western shore of Royal Harbor and on down to the Sailing and Yacht club. It shows the proposed spoil islands created with the dredged fill.
More information on this is coming to residents in Royal Harbor through the association newsletter but let me inform you all here that the money already collected by the East Naples Taxing district has been already been spent doing the survey. This project prices out over 4 million dollars and officials and representatives from the area are now seeking additional funding to supplement the taxing district.
This extended project will require a new “permit” from the state and will expand on the old permit which just involved the dredging of the canals.
The project is necessary as the canals, last dredged in 1991, were never cleared of rocks. New technology will now allow this to happen and this will allow residents access to the home based docks 24/7 and not just with the tide permitting. For a boating community this will greatly increase desirability of the lots and also will increase value.
The plan is to start this project when the permits are obtained. Of course all this is subject to funding. We will follow this closely and let you know what is going on. Next meeting is next week. more then