Time is running out and so is your savings!

Monday, March 3^rd is fast approaching, if you are the one who bought or sold a homestead in 2007. It is the deadline to apply for homestead exemption and portability of Save Our Homes tax benefits, which is the difference between the assessed value and market value of a homestead due to the annual limit on increases in assessed value.

Homeowners, who already applied for a homestead exemption on their new homes, must complete a separate application by March 3, 2008.

To download an application form for portability, visit your local property appraiser’s web site or  Florida Department of Revenue web site.

    It may not be a whole lot of savings, but every little bit helps in this difficult financial time. Time is of the essence!