If your property is not classified as homestead complete the online homestead application before applying for this program. Permanent Florida residency required on January 1.The homestead exemption and Save Our Homes assessment limitation help thousands of Florida homeowners save money on their property taxes every year. This amendment adds first responders who become permanently disabled in the line of duty to the list of people who get an exemption from property taxes. ✓ Learn here today! The most common real property exemption is the homestead exemption.