What is your social security number and your co- applicant or spouse's social security number? Co-applicants transferring from a different homestead must fill out a separate form.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. Overview for Qualifying and Applying for a Homestead Exemption. There are two deadlines which must be met in order to benefit from the Homestead Exemption. When to file: Application for all exemptions must be made between January 1 and March 1 of the tax year. The Florida homestead law is a state constitutional provision that protects an unlimited amount of equity in all types of homes. To qualify for a Homestead Exemption, you must own the property and it must be your permanent residence to the exclusion of all others as of January 1st. Addresses listed on last I.R.S. income tax returns. Date of each owner's permanent Florida residence.