Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. A homestead exemption can benefit homeowners if one spouse in a twoincome household dies.This guide will delve into homestead exemptions, what they are, who is eligible, how to apply, which states have them, and more. If your property is your permanent residence, or homestead, you may be eligible for a tax exemption. Several types of exemptions are available. West Virginia's homestead exemptions are a good start, but they might not protect your home against every debt. To ensure you qualify, be sure to click the link next to the summary to see your state's complete tax exemption requirements. Please know there are specific dates for sign up and you can only print out forms during that period. The signup dates include: Homestead Exemption.