SENIOR'S HOMESTEAD: Senior Citizen Homestead Exemption (Form PA-501SC). All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify.You will not receive a Homestead Exemption Renewal Application for this tax year. You will automatically receive Homestead Exemption for the current tax year. F. Owner must submit proof of financial capability. G. The application package must be complete. Forms are free of charge. Com to be directed to the registrar at your home school. Usually this means: • Property Tax bill. If the owner moved out before January 1, then please submit a Cancellation of Homestead Exemption Form.