Cash in on property tax break

Update: Monday is the deadline to qualify for the portability tax break included in Florida's new Amendment I.

Florida residents who already had a homestead exemption but bought a new home in 2007 are retroactively eligible to carry that savings to a new primary residence.

You can pick up the forms you need at your local property appraiser's office and turn them in before the end of the day. If this is not possible, you may be able to file for an extension.

Previously: If you moved from one home in Florida to another within the last year, you can cash in on a property tax break. But you have to act fast.

Monday, March 3 is the deadline to qualify for the portability tax break included in Florida's new Amendment I. Florida residents who already had a homestead exemption but bought a new home in 2007 are retroactively eligible to carry that savings to a new primary residence.

You can apply for the break in person at your property appraiser's office or download online forms and fax them to the appraiser's office.

Mailing them in at this point may risk missing the deadline.