Owners of Philadelphia real estate have until the end of business today, September 13th, 2013 to submit their Homestead Exemption application to the City of Philadelphia and save big on their 2014 Taxes. As previously mentioned, the exemption reduces the assessed value by $30,000 thus lowering the real estate tax burden for the owner of the home but the exemption is only available to occupants who use the home as their primary residence. Interested homeowners can call 215-686-9200 for more info or finalize the application online by visiting http://www.phila.gov/opa/abatementsexemptions/pages/homestead.aspx.