The Florida homestead exemption is a property tax break that's offered based on your home's assessed value and provides exemptions within a certain value limit. How do I file a declared homestead?To qualify for the homeowners' exemption, the home must have been the principal residence of the owner as of January 1 of that tax year. Permanent Florida residency required on January 1. This Video Shows you How to Complete an Application for Homestead Exemption. To claim the exemption, the homeowner must make a one-time filing with the county assessor where the property is located. How to fill out the Homestead Declaration Form for California Residents? If title to the home is held in the name of a trust, the applicant must have equitable title or beneficial interest to qualify for the homestead exemption.