Homeowners can only be homesteaded in one state. The homestead can't exceed one acre in a city or 160 acres in a rural area.Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. In some states, homestead exemptions are automatic and in others they must be declared in writing. In Arizona, the homestead exemption is automatic for your primary residence. It does not start jan. 1st. By law, a homestead exemption is not transferable. If you move, your homestead exemption does not automatically follow you to your new residence. Homestead exemption cannot be claimed on rental property. State law provides for only one homestead exemption per immediate family group (husband and wife).
