Certain property tax benefits are available to persons age 65 or older in Florida. Eligibility for property tax exemp ons depends on certain requirements.First, fill out the application specific to your County Appraisal District, then mail all of the documents to the Appraisal District for your County. To apply for any of the homestead exemptions listed above, please complete and submit the Residence. Homestead Exemption form 50-114. NOTE: The Bexar County Appraisal District (BCAD) will automatically update existing homestead exemptions. You may verify your homestead status at BCAD. Like the homestead exemption, only school districts are required to offer this exemption. You can apply for exemptions to reduce your property's taxable value, beginning with the homestead exemption. For example, bear county.