Permanent Florida residency required on January 1. Affidavit of Florida Resident – If applicable, write in the record book and page number of the affidavit as recorded in the public records and ATTACH A COPY.All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. Homestead Exemption. By law, a homestead exemption is not transferable. If you move, your homestead exemption does not automatically follow you to your new residence. Welcome to the Hillsborough County Property Appraiser's online Homestead Exemption application! To apply for the Florida Homestead Property Tax Exemption, the property owner must complete Form DR501 and submit it to the property appraiser. All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments and certain mobile home lots.