you have an option but if you leave soh, you lose the 3pct cap and thats scary, bumberg in nyc raised my prop taxes 37pct when i live there
The trouble is that anyone who has moved has lost the Save Our Homes cap anyway. My parents lived in the same house for 37 years - then they moved last year. Now their taxes have more than tripled because they are subject to taxation at the full value of the new house. Plus, because they still have the old house, the taxes on that will bump up to the current assessed value as well.
Without portability, Save Our Homes isn’t all it’s cracked up to be unless you plan on staying in the same home forever.