Download the Act 50 Applications(PDF, 1MB) and complete it. 1. Fill in the parcel number of the property for which you are seeking a homestead exclusion.Permanent Florida residency required on January 1. Claiming a Florida homestead exemption involves some very specific requirements that must be completed within a specified time frame. The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion." Council's proposed rate hike is from 4.73 mills up to 6.08, and leaves the county's homestead exemption as it is.