Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. Although Florida homestead is not considered a probate asset, it is usually advisable to file a Petition To Determine Homestead in the probate proceeding.Proof of Florida voter registration (must reflect permanent residence address). Claiming a Florida homestead exemption involves some very specific requirements that must be completed within a specified time frame. Homestead status can save you money on your property taxes. Individual taxpayer identification numbers now qualify property owners for homestead exclusion. This checklist shall be completed and e-filed with your Petition. The homestead exemption is available to an individual who holds beneficial title to property under an instrument granting such individual a life estate. Minnesota Property Taxes. It is required that the enclosed forms be filled out and sent to the proper authorities.