Certain property tax benefits are available to persons age 65 or older in Florida. Eligibility for property tax exemp ons depends on certain requirements.Tax Relief for Seniors and People with Disabilities. To apply for the standard homestead exemption in Florida, visit the property appraiser's website for the county where your property is located. In some states like Florida the homestead exemption reducing property taxes in all cases and also serves as limited bankruptcy protection. That is a false equivalence as it is vastly more complex than saying it all evens out in the end.