Permanent Florida residency required on January 1. You can apply for the exemption online or at the Township Assessor's office.An annual verification of eligibility must be filled out each year. Property tax exemptions are savings that contribute to lowering a homeowner's property tax bill. The most common is the Homeowner Exemption. If you're planning to claim a homestead exemption, you must first apply for a Florida driver's license. Senior Citizen Homestead Exemption. Disabled veterans may have some or all of their property taxes covered. This is called a Standard Homestead Exemption for Veterans with Disabilities (SHEVD). Calculate how much you'll pay in property taxes on your home, given your location and assessed home value.