To apply, please complete the following form: DR-501SC. Long-Term Resident Senior Exemption.Permanent Florida residency required on January 1. Only one senior need apply for the senior exemption, but all members of the household must include their income and social security numbers. The limited income Senior exemption provides an additional Homestead exemption for qualifying residents 65 and older. Learn more about the Senior exemption. Construction or reconstruction must be substantially complete before January 1st of the year in which the reduction is requested. What is a Homestead Exemption? You are 65 years of age or older as of January 1 in the year you file for the exemption. Back To All Articles.